Reps Moves To Probe $33m Monthly Payment For Electricity

Reps Moves To Probe $33m Monthly Payment For Electricity
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The House of Representatives Committee on Finance yesterday raised concerns while querying a contract allegedly entered into between the Federal Government and an investor, leading to the payment of $33 million monthly to the Azura power station located in Edo State.

The lawmakers were reportedly concerned that some of the important details of the agreement were quite shady hence their decision to question why the Nigerian Bulk Electricity Trading Company would sign such an agreement without the approval of the Federal Executive Council.

The lawmakers who were on oversight functions vowed to do their best to unravel the mysteries behind the agreement which they have expressed their displeasure about.

Read Also: Ossiomo Power: How Nigeria Lost $1.9m In 5 Days – Gov Obaseki

In a related development, the Governor of Edo State, Mr. Godwin Obaseki has revealed that Nigeria has lost over $1.9million in the past five days due to the disturbance of gas distribution to the Ossiomo Power plant situated in Ologbo, Ikpoba-Okha Local Government Area of the state.
The Ossiomo Power project is a product of Governor Godwin Obaseki-led state administration to ensure that the state maintains and generates power independently
The 95 megawatts installation came to fulfillment through a Power Purchase Agreement (PPA) with Ossiomo Power Company which powers government offices, hospitals, and streetlights in Benin metropolis.
Emotan Gardens Estate, Edo Tech Park, Edo Creative Hub, among others, all relish 22-24 hours of constant electricity supply daily.
Edo enterprise, Industrial Park and spur industrialization has also been a beneficiary of this huge project.
Ossiomo began to work and power government offices in the state but as of today, the power plant has been sabotaged and it’s no longer working.

Africa Daily News, New York

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