The Federal government Friday gave power distribution contractors sixty days to complete their contracts on the power projects or risk termination of the projects.
Vice President Namadi Sambo made the position of government known, just as he mandated the Managing Director, Niger Delta Power Holding Company, Mr. James Olotu, to communicate to the contractors the need to fast-track work or face the consequences.
Sambo equally disclosed that government was ready to assist the new owners to acquire transformers to enable them distribute power if the need arises.
The vice president also asked the new owners of the Power Holding Company of Nigeria to submit their plans on delivering energy metering within one week.
He expressed government’s readiness to assist them to acquire transformers to enable them enhance the power distribution across the country, offering them the option of buying the transformers from the Ministry of Power. The companies would be allowed to pay over a period of 15 years.
MD of NDPHC, Olotu briefed the meeting on some challenges facing the company’s power projects.
“It was discovered that lines work are being frustrated by aesthetic development along road works in Lagos and Rivers States,” he said