The Niger Delta Power Holding Company (NDPHC) has called for an urgent presidential intervention to help address the severe liquidity crisis affecting Nigeria’s power sector.
NDPHC Managing Director/Chief Executive Officer, Jennifer Adighije, made the appeal while recently hosting the House Committee on Power, led by its Chairman, Victor Nwokolo, during a site inspection of the Egbema National Integrated Power Project (NIPP) Power Plant.
She emphasised that the intervention should begin with settling the over N4 trillion owed to power generation companies (Gencos) and securing funds for ongoing projects to improve electricity access across the country.
A statement by Olufunke Nwankwo, NDPHC’s General Manager, Communication and Public Relations, Mrs. Funke Nwankwo, said the inspection was aimed at evaluating project progress and discussing pressing challenges facing both the plant and the power sector as a whole.
The Egbema Power Plant, a critical project under the National Integrated Power Project (NIPP), was conceived in 2004 under former President Olusegun Obasanjo.
