Headline National News

$33m Azura power deal: Reps invite Finance Minister, others

The House of Representatives has invited the Ministers of Power, Finance and Heads of Bureau of Public Procurement as well as the Niger Delta Power Holding Company over $33 million Azura power purchase agreement.

Other agencies invited include Nigeria Bulk Electricity Transmission , Transmission Company of Nigeria and Nigeria Electricity Regulatory Commission.

Chairman, House Committee on Finance Mr James Faleke, issued the invitation on Tuesday in Abuja, during the investigation over alleged breach of agreement and perennial power failure in the country.

Mr Faleke said the agencies would be brought before the committee to explain their role in the power deal, adding that the appropriate date would be communicated to the affected agencies.

The committee had on August 19th discovered that the country was committed to a monthly payment of $33m in a power deal.

The committee, however discovered that Azura power plant had not been able to deliver the 450 megawatt of electricity agreed with Transition Company of Nigeria, to the national grid since the contract was signed.

The chairman directed the Managing Director, Transmission Company of Nigeria, TCN, Sule Abdulazeez to present its budget allocation from 2002 and the contract awarded as well as the certificates by TCN on power transmission line

The committee also asked TCN to provide its Internally Generated Revenue, IGR from 2010 including its audit report, while also picking holes on the IGR being spent by TCN outside budgetary provision.

writing by Ibrahim Shehu; Editing by Julian Osamoto and Hadiza Abdulrahman