House of Reps invites ministers of finance, power, others over $33m Azura power deal

House of Reps invites ministers of finance, power, others over $33m Azura power deal

By Femi Ogunshola, Abuja.


The House of Representatives has invited the Ministers of Power and Finance and heads of Bureau of Public Procurement (BPP), Niger Delta Power Holding Company (NDPHC) over a 33-million-dollar Azura power purchase agreement.


Other invited agencies include Nigeria Bulk Electricity Transmission (NBET), Transmission Company of Nigeria (TCN) and Nigeria Electricity Regulatory Commission (NERC).


Rep. James Faleke, Chairman, House of Reps Committee on Finance, which is currently investigating purported breach of agreement and perennial power failure in the country, invited the heads of the agencies in Abuja on Tuesday.


Faleke said that the agencies should appear before the committee to explain their roles in the power deal, adding that the appropriate date for their appearance before the committee would be communicated to the affected agencies.


Recall that the committee, on Aug. 19, discovered that the country was committed to a monthly payment of 33 million dollars in a take-or-pay deal.


The committee also discovered that Azura Power Plant had not been able to deliver the 450 megawatts of electricity, hitherto agreed to with TCN, to the national grid since the contract was signed.


Faleke, however, told the Managing Director, TCN, Mr Sule Abdulazeez, to present its budget allocations from 2002 to date, the contract awarded and the certificates by TCN on power transmission lines.


He said that if Azura Power Plant would demand payment in dollars for power being generated, Nigeria should also demand payment from Azura in dollars for power being used from the national grid.


The committee also asked TCN to provide it with details of its Internally Generated Revenue (IGR) from 2010, including its audit report, while frowning at the IGR being spent by TCN outside budgetary provisions.

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