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Issues In The News

New power coys employ 2,000 engineers

New owners of the successor companies of Power Holding Company of Nigeria (PHCN) have employed over 2000 indigenous engineers since they took over the assets on November 1st, 2013.
Minister of Power,Prof.Chinedu Nebo,who disclosed this on Saturday at the commissioning ceremony of the 220 megawatts (MW) capacity plants belonging to Egbin Power company Plc.

He said the development represents the dividend of the privatization of the power sector by the Federal Government.

He said:”Over 2,000 engineers have been hired since private investors took over the sector. 16 years before President Jonathan came to office, no single engineer was employed. The sector he inherited was dilapidated.

“Within few years of taking over, you (Jonathan) have also revived the National Independent Power Plants (NIPPs). We celebrate with you,” he stated.

Speaking, Chairman of Egbin Generation Company, Kola Adesina, disclosed that his company invested over N50billion so far to bring the power company to full capacity.

DAILY TRUST

About TransformationWatch

TransformationWatch is an online news site founded by Henry Omoregie It is focused on keeping tabs on the Transformation Agenda set out by the Nigerian leadership in the Local, State and Federal Governments. My mission is to observe, analyze and report milestones or slowdowns in promised service delivery in all the facets of governance in Nigeria (2011 and beyond). Readership is open to all Nigerians and friends of Nigeria alike, regardless of Tribe, Religion or Political divide. We are all in this together

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