Nigerians’ll soon enjoy regular electricity supply – Elumelu

The Chief Executive Officer, Transcorp/
Woodrock, the consortium that won the bid
for Ugheli Power Plc, Mr. Tony Elumelu, on
Thursday said with the signing of
transaction and industry agreements for
the Power Holding Company of Nigeria’s
successor companies, the stage was set
for the citizens to enjoy uninterrupted
power supply.
Elumelu spoke with State House correspondents
shortly after his firm, which emerged the
preferred bidder for the Ugheli plant, signed a
Power Purchase Agreement with the Nigerian
Bulk Electricity Trading Company Plc.
The NBET signed similar agreements with five
other firms in respect to Geregu Power Plc,
Sapele Power Plc, Kainji Hydro Electric Plc,
Shiroro Hydro Electric Plc and Egbin Power Plc.
“Today is a very significant day for Nigeria,
significant because this is the issue of public-
private partnership in action. The government of
President Goodluck Jonathan promised Nigerians
that they will have power, let there be light and
with what we are doing today, there is going to
be light,” Elumelu said.
He said it was his firm’s conviction that once the
country could get its power sector right,
economic and social development would follow.
“We believe that power is so significant for the
economic development of the country; not only
economy, but also social development of the
country. When we get power right, it will lead to
the development of Nigeria’s economy and will
touch the society in so many other areas,” he
added.

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