News
FG, Transcorp Sign Deal For 966MW Afam Power Plant
The Federal Government and the Transcorp Power Consortium, yesterday, signed a share sale and purchase agreement in relation to Afam Power Plc and Afam III Fast Power Ltd, which is expected to add 966 megawatts to the national grid.
The deal was signed by the Director-General, Bureau of Public Enterprises (BPE), Alex Okoh and the Chairman of the Transcorp Group, Tony Elumelu, at a brief ceremony in the State House, witnessed by the Vice President, Prof Yemi Osinbajo, who is the chairman of the National Council on Privatization (NCP).
Transcorp Power Consortium emerged the preferred bidder with a combined offer of N105billion in a competitive bid that saw other 12 prospective investors
The NCP had approved the privatization of the Afam Power Plant at its meeting held on the 22nd and 23rd August, 2017.
Speaking at the signing ceremony, Osinbajo said the event was a milestone in the Nigerian government’s continued effort to accelerate reforms in the power sector.
He said the acquisition of Afam Power Plc and Afam III Fast Power Ltd by the Transcorp Power Consortium was the first of many new investments in the sector across value chain from generation to distribution.
Osinbajo said: “The Buhari administration’s goal is to eliminate the challenges in the power sector by improving liquidity in the market through a host of measures, including the recently announced national mass metering programme and the transition to a service-based tariff.
“We need a power sector that can provide quality service to Nigerian consumers and sustain itself. The Afam Power PLC and the Afam III Fast Power Ltd have a combined capacity of almost 1000MW.
“The current usable and operational capacity of 240 megawatts from Afam III and about 100 megawatts from Afam Power PLC speaks of the opportunity that the transfer acquisition can bring.”
Charging Transcorp Power Consortium to take the opportunity of its ownership of the Afam Power Plant to raise the operations of the facility to its full capacity, the vice president said government would expect the consortium to bring its experience and expertise in the Ughelli Power Plant, which it acquired in 2013, to bear on Afam.
Osinbajo, who described Afam Power Plant as an energy hub for Nigeria, said that it was a cluster that houses multiple power plants, including those owned by Shell Petroleum Development Company (SPDC), and Sahara Energy.
Osinbajo assured that the Buhari administration would continue to work on its ease of doing business reforms to drive foreign investment, noting that local investors “are always the great litmus test for the investment environment.”
Speaking at the event, Director-General of the BPE, Alex Okoh, said that Transcorp Power Consortium has committed to investing the sum of $350million in the combined power assets.
According to Okoh, in addition to the new Afam III Fast Power Plant, with an installed capacity of 240megawatts, the consortium has committed to ramp up power generation of the plant to its rated capacity of 726megawatts within a period of five years, thereby adding an aggregate of 966 megawatts to the national grid.
He said: “The reform and privatization programme of this administration is not about simply divesting public enterprises to the private sector.
Also speaking, the Chairman of Transcorp Group, Tony Elumelu, said access to electricity was pivotal in lifting Nigerians out of poverty and in creating jobs.
He said the acquisition of the Afam Power Plant would be an opportunity for the Transcorp Group to contribute to government’s effort at improving the lives of the people and in growing the economy.
News
Don’t Panic, We’ll Protect Rivers Interest -Fubara
Rivers State Governor, Sir Siminalayi Fubara, has told the people of the State not to panic and be rest assured of the determination of his administration to protect lives and property of residents while improving the collective aspirations of the people.
Fubara gave the assurance when he addressed members of the Family Support Group, who were on solidarity visit to Government House in Port Harcourt on Wednesday to declare their unalloyed support to his administration.
Family Support Group is an assemblage of well-meaning Rivers youths, men and women drawn from the three Senatorial Districts and 23 local government areas, with the core aim of protecting, promoting and defending the interests of Rivers State.
The governor, who was represented by the Head of Rivers State Civil Service, Dr. George Nwaeke, said that the government is for the youths, women, men and every well-meaning Nigerian who wish the State well.
He assured that his administration would not disappoint their expectations, but would deliver good governance and quality services across all sectors.
Fubara said it was gratifying to see ebullient youths showing undying interest in government, and were also willing to defend their votes, and see him completing his tenure without interruption.
The governor explained that so many development projects had been completed and opened for public use with many others like the Port Harcourt Ring Road still actively ongoing.
He specifically noted the readiness of the administration to flag off construction of phase two of the real Trans-Kalabari Road from Port Harcourt through Tombia to other communities; and the Elele-Egbeda-Omoku Road.
“The whole land of Rivers State stands in affirmation that we won the election fairly, and deserve to serve out our full tenure. There is not going to be anything that will cut short the popular mandate that you all gave to this Administration.
“Just about within weeks of assuming office, His Excellency, Sir Siminalayi Fubara, flagged-off the Port Harcourt Ring Road project that will transverse six local governments. It will be completed within 36 months, but I think it will be completed before the time, because the progress of work we have seen is beyond what we were thinking.
“The Trans-Kalabari Road, very soon, the official main Trans-Kalabari Road will start, and will begin from Port Harcourt. That road, a lot of plans have been done, very soon, you will see contractors on site, and Rivers State will be opened.
“Just yesterday, you heard in the news also that the Governor has commenced the construction of the Elele-Egbeda-Omoku Road. That road was initially done with one lane, but now, he is going to dualise it. The Government has already awarded the contract”, he said.
Fubara emphasised that his administration is pro-youth and pro-human beings, and determined to maintain that level of empathy and inclusivity that offers succour to the people.
“I, therefore, want to thank you for the promise you have made, and I want you to remain unshakable. Keep your word of defending him at all times.
“When you hear anything outside, be bold, defend the Governor, and tell the people the things you know about him. Tell them what you know he has done to develop the State and the people”, he stated.
In his address, the President General of Family Support Group, Mr Henry Abraham, recalled that during the 2023 elections, they were encouraged to vote and defend their votes because the process was violence-free and credible.
“When we defend our votes, we will also defend the man we voted for. We are Family Support Group, Rivers State belongs to all of us. Rivers State is not a personal estate of one man, it’s for all Rivers people.
“Sir Siminalayi Fubara, stand firm. Family Support Group is with you. All the wards’ coordinators are with you. All the wards’ executives are with you. All the LGA coordinators are with you. All the officers of the National Executive Committee are with you. All our leaders are with you, and the PDP is with you,” he assured.
News
11 GDI Coordinators Declare Support For Fubara
The support base for the Rivers State Governor, Sir Siminalayi Fubara, swelled up on Wednesday when 11 Ward Coordinators of the Grassroots Development Initiative (GDI), in Ahoada-East Local Government Area of the State pledged unalloyed support and loyalty to his administration.
Ahoada East, which is the local government area of the Chief of Staff, Government House, Dr Edison Ehie, has a total of 13 electoral wards.
The 11 GDI Coordinators, who were in Government House, Port Harcourt on Wednesday on solidarity visit, said that they have now realised that they had been deceived and misled in the past few months, and decided to retrace their steps, and join the mass of Rivers people to defend and protect their votes and mandate freely given to Governor Fubara.
The coordinators, who were received by the Chief of Staff, Dr Edison Ehie, pledged to mobilise all their supporters and associates to give the State Government the necessary support and encouragement to deliver good governance and sustainable development to Rivers people.
They said that having watched the actions and policy direction of the governor, they have come to the realisation that sitting on the fence while detractors undermine the government was not in the best interest of the State.
The coordinators, who were accompanied by the former LGA Coordinator of GDI, Hon. Christian Abu, and Ahoada East LGA Chairman of the Peoples Democratic Party, Dr. Handsome Ekelechi Agile, said that they were resolute in their decision to join millions of well-meaning Rivers people who had solidified their membership of the SIMplified Movement to protect and defend the governor in the face of unwarranted attacks and campaign of calumny.
They said that with their movement to the SIMplified Family, the GDI structure in Ahoada East has completely collapsed.
They warned that anybody fighting the governor and the Chief of Staff would incur the wrath of the land.
In his remarks, Hon. Ehie assured the coordinators of the State government’s commitment to the wellbeing of all Rivers people and the consolidation of the gains of the infrastructure revolution of the administration.
He said that the Fubara-led government was operating an open door policy and running an inclusive administration, assuring that every Rivers man and woman will be touched positively by the actions, policies, and programmes of the government.
The GDI Coordinators included Chinwe Okorji representing Ward 1; Henry Uhor for Ward 2; Hon. Muzan Otuza of Ward 3; Hon. Elvis Ishikaku representing Ward 4; and Hon. Johnson Monday of Ward 5.
Others are Mr. Evidence Adi for Ward 6; Emmanuel Ochu of Ward 7; Hon. Fidelis Ikebuluwa representing Ward 8; Martins Odoi of Ward 9; Hon. Mackson Ekpeye representing Ward 10; Hon. Ambrose Ile for Ward 12.
With this development, the leadership of GDI at the Ward and LG levels have now dumped the group to join the Governor in efforts to transform the State.
News
Fubara Recommits To Human Capacity Building In Rivers
Rivers State Governor, Sir Siminalayi Fubara, has expressed the determination of his administration to build and strengthen the capacity of workers in the State’s Civil Service.
The governor said this during a meeting held behind closed doors in Government House, Port Harcourt, with the national leadership of Nigerian Institute of Management (NIM) Chartered, yesterday.
After the meeting, leader of the delegation and National President of NIM, Dr. Christiana Atako, told newsmen that Governor Fubara, a fellow of the Institute and astute manager, excited them with his plans on human capital development and other development initiatives.
Dr. Atako, who is also the Chairman of Council of NIM said, “In fact, he was talking so much about the civil service. I have told you that one of our strengths is to develop capacity of the workforce, and we told him that we are interested in the civil service of this State.
“We are interested in building capacity of the workforce because we believe that if you have the right workforce, you’ll be able to have successful system. And if you have a successful system, leadership will be very easy.”
She emphasised that, “And when we told him, he bought the idea. He said he was happy about that. He wants a situation where, apart from the infrastructure that he was putting in place, he also wants to build the capacity of the people.”
Atako stated that as an Institute, they were impressed with the giant strides of the leadership of the governor, the many infrastructural projects, both ongoing and completed, including the welfare packages for civil servants, particularly the Christmas bonus of N100, 000.00.
She pointed out the distinguishing attributes of a great and good leader, which include exhibiting empathy and motivating the workers to become more productive, which she said, were evident in the leadership shown by Governor Fubara.
Atako said they also informed the governor of their forthcoming annual national conference slated to hold in Port Harcourt, which is always used to discuss issues that are of interest to the growth and development of the country.
Those in the delegation were Registrar/Chief Executive of NIM, Mrs Taiwo Olusesi; former National Vice President, Dame Christie Toby; Council Members, Engr. Beniah Ojum; Prof. Sylva Opuala-Charles; Zonal Chairman and Chairman LOC NIM ANMC, Pastor Eyo Okpo-Ene; former National Treasurer, Chief Grant Orugbani; and Eze Ekpeye Logbo III, His Imperial Majesty, Kelvin N. Anugwo.
Others are former Deputy Speaker, Rivers State House of Assembly and Member LOC NIM ANMC, Rt. Hon. Marshall Stanley-Uwom; AGM, Hotel Presidential, Mr. Rex Yakpogoro; Member LOC NIM ANMC, Engr. Eze Egwurugwu; Sir Mike Elechi; Member LOC NIM ANMC, Dr. Kelechi Belinda Udeogu; Secretary, South South Zone and Secretary LOC NIM ANMC, Mr. Christian U. Abu; Emeritus Professor Simeon Chituru Achinehu.
-
Business4 days ago
MOWCA Strengthens Maritime Crime Prevention
-
News4 days ago
Emulate Otti, Obey Court Order Stopping Pension To Ex-Govs, SERAP, OBJ Tell Tinubu, Govs
-
Niger Delta4 days ago
Group Commences Mangrove Restoration Initiative In Cross River Communities
-
Sports2 days ago
Tornadoes Fight-Back To Stun Shooting Stars
-
Rivers6 hours ago
PH NiMECHE Inaugurates 9th Executive
-
News52 mins ago
NHRC Cautions Against Mob Actions, Dehumanisation
-
Editorial4 days ago
Delta Killings: Need For Caution
-
Rivers4 days ago
Show Example In Leadership, Cleric Urges Nigerian Leaders