• Reps to probe 14 power firms over power purchase agreement

    Reps to probe 14 power firms over power purchase agreement

    Indications emerged yesterday that the engagement of 14 firms by the Federal Government under its Power Purchase Agreements (PPA) by the Nigerian Bulk Electricity Trading (NBET) may be subjected to legislative investigation.

    The House of Representatives Committee on Power said the agreement with the 14 firms breached due process as there was no proper guideline for the engagement.

    Doubts were also raised over the nation’s ability to meet the 20,000 megawatts (Mw) power generation target set for 2020.

    The Dan Asuquo-led House Committee, […]