Senator Oyelola Ashiru, Deputy Senate Leader and Vice Chairman of the Senate committee on Power, has wade into the issues surrounding the high cost of gas supply for power generation to the Niger Delta Power Holding Company and its consortium.
Senator Ashiru addressed this matter on Monday during a One-Day Stakeholders interactive session focusing on the necessity to probe the contentious Make Up Gas (MUG) reprocessing deal.
The controversial Make Up Gas (MUG) reprocessing deal involves the Federal Ministry of Finance, Niger Delta Power Holding Company (NDPHC), Calabar Generation Company Limited, and ACUGAS Limited.
In His words: “In my observation, on how to curb the increasing financial commitment of the government to the lingering issues of inefficient and cost of exorbitant Gas supply for power generation to Niger Delta Power Holding Company and its consortium.
“Having identified multiple issues of uncleared legal commitments and engagements from the Ministry of Finance, NDPHC, Calabar Generation Company and ACUGAS.
“It bothers the leadership of the Senate Committee on power on how to truly harmonize the significant power generation challenges as well as to unbundle the myriads of unverified clusters of contractual infringement.”
Ashiru advised the Senate Committee on Power chaired by Senator Enyinnaya Abaribe to find a mechanism to re-purpose the current situation of these legal and technical huddles that seems to be deterring the efforts on the ground.
The Deputy Senate Leader urges the Chairman of Niger Delta Power Holding Company, to have a clear study of the company’s position, to restructure and to repackage all the indices and to enter into a renegotiation.
