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FG hands over Zungeru power plant to concessionaire

The Federal Government on Tuesday officially transferred operations of the Zungeru Hydroelectric Power Plant to Penstock Limited, a subsidiary of Mainstream Energy Solutions Limited, which it selected in February 2023. Tuesday’s move is expected to “boost Nigeria’s power generation capacity and contribute significantly to meeting the country’s growing energy demands,” a statement signed by the …

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Senate Supports Concession Of Zungeru Hydroelectric Project

The Senate Committee on power and the federal ministry of power have agreed on the concession of the 700 Megawatts Zungeru Hydroelectric Power project.   The Senate Committee on power and the federal ministry of power have agreed on the concession of the 700 Megawatts Zungeru Hydroelectric Power project. Addressing the senate committee on power chaired …

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NITEL /MTEL PROPERTY IN LAGOS SOLD TO LAGOS STATE GOVERNMENT

The National Council on Privatisation, (NCP) has approved the sale of a NITEL/MTEL Property located at   number 3-5, Moloney street, Tafawa Balewa Square, Onikan, Lagos The property was one of those listed for sale by the Liquidator of NITEL/MTEL Non-Core assets at the cost of N2.5 billion Naira only. Meanwhile, the property is presently encumbered …

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9 Firms To Verify NIPOST Properties Nationwide

Nine firms have been approved by the National Council on Privatisation (NCP) under the Chairmanship of the Vice President, Professor Yemi Osinbajo (SAN) to immediately  carry out a nationwide verification of NIPOST Properties & Development Company Limited. The firms which are divided into the six-geo-political zones of the country are, Oghogho Ayanru, Raji Adewale Associates, …

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