The Niger Delta Power Holding Company Limited, said it had executed over 374 projects in the distribution subsector of the Nigerian electricity supply industry to boost power supply nationwide.
It also stated that the projects, worth over $1.2bn, had been handed over to various power distribution companies, adding that the sum would be refunded by the Discos.
It disclosed this in its July 2023 report titled, ‘Maximising national integrated projects’, which was presented to stakeholders at the Nigeria Energy Forum by the Executive Director, Networks, NDPHC, Ifeoluwa Oyedele, and obtained by our correspondent in Abuja.
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The NDPHC is incorporated under the Companies and Allied Matters Act as a private limited liability company with shareholding fully subscribed to by the federal, state and Local Governments, with a mandate to manage the power projects tagged ‘National Integrated Power Projects.’
In his presentation, Oyedele stated that while the projects had been handed over to the Discos, legal assets transfer was ongoing and awaiting a valuation exercise by the Nigerian Electricity Regulatory Commission.
He outlined the executed projects to include 337 33/11kV lines, 25,281 25kVA and 50kVA CSP transformers, 199 distribution transformers (100, 200, 300, 500 KVA) of 108MVA, 2,256km of 33kV lines and 4,670km of 11kV lines.
