The Federal Government through the Bureau of Public Enterprises -BPE is currently carrying out transactions for the sale of five power plants under the National Integrated Power Projects at a cost of about 1.15 billion dollars.
The acting Director-General, BPE, Ignatius Ayewoh confirmed to newsmen in a brief telephone conversation that the transaction is ongoing, noting that it is not concluded.
According to reports, the five power plants include the 434 megawatts gas-fired Geregu II power plant, located in Kogi; 451MW Omotosho II plant in Ondo; and 750MW Olorunshogo II plant in Ogun State. Others include the 563MW Odukpani power plant in Calabar, Cross River State; and the 451MW Benin-Ihovbor plant in Edo State.