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.