Business
RSG Offers Buy Distribution Right
In a bid to supply steady electricity in the state, the Rivers State Government is offering to buy the distribution right in the state and as well build a gas turbine system in Afam to supply additional 180 megawatts to Port Harcourt.
Governor Chibuike Amaechi noted that the Power Holding Company Nigeria (PHCN) is persisting that the bidder must also buy Bayelsa and Akwa Ibom together with Rivers State.
The Tide gathered that the development has forced Rivers State Government to plead with Akwa Ibom and Bayelsa States to come into a joint company in order to buy off the zone and split distribution so that each state would collect within its territory.
Governor Amaechi who dropped the hint Sunday at Government House, pointed out that Saipem has been given the task to begin construction of another power station in Afam, making it the number three of the same station in the area.
The Tide further fathered that in August last year, Shell switched on its 650 megawatts capacity power station in Afam, called Afam 2 (combined Cycle gas station) valued about $3 billion, starting with initial 150 megawatts.
This is responsible for about 20 per cent of the national power supply by last year when the nation made up to 3,000 megawatts.
Amaechi failed to disclosed the cost of the new project, but hinted that it was part of the plans to achieve power adequacy in the oil and gas hub of the country.
He explained that the turn-key project would be delivered around December 2010, saying that Rivers State government pay the entire amount and demand action.
According to him, the decision to form a consortium to buy off power distribution in the three states was to have total control of power generation, transmission and distribution in its hands.
The Rivers State Chief Executive also revealed that the state is building injection substantions to enhance distribution.
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