News
HYPPADEC Urges Funding Partners To Fulful Obligations
The Hydroelectric Power Producing Areas Development Commission (HYPPADEC) has demanded funding partners to fulfil their obligations to meet the need of the people.
Managing Director of HYPPADEC, Alhaji Abubakar Yelwa, stated this in an interview with The Tide source in Minna, yesterday.
He said that the enormous initiatives outlined by the Federal Government for the commission would be met only through the cooperation and support of funding partners.
According to reports, the commission’s sources of funding include not less than 40 per cent from the Federal Government, 10 per cent of concession fees paid by the hydroelectric power generation companies and 50 per cent of what is due to member states from the ecological funds.
The states that are the members of this commission are Kebbi, Niger, Kogi, Kwara, Plateau and Benue, while its act made provision for any state with a new hydroelectric power producing dams to be admitted.
Yelwa said that the generating companies’ cooperation in funding would go a long way towards the achievement of the objectives of the commission.
He urged the Gencos to see their contributions as humanitarian issues as well as part of their Corporate Social Responsibility (CSR) to their host communities.
‘’The paucity of funds from the Federal Government due to global meltdown and the COVID-19, had an impact on the resources available to the commission to carry out its tasks.
‘’But still we have been able to achieve a lot with available resources. We had a take-off grant of N1 billion which is a far cry from taking care of the problems already on ground.
“For now we have provided potable water, rehabilitated schools, availed residents of medical outreach, life saving jackets for ferries as well as carried out our skills acquisition training programmes for youths,’’ he said.
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