Some have also expressed concerns about labour issues within the industry. Well, under a deal with PHCN workers, the Federal Government has accepted to pay a total of N384bn to the staff of PHCN, and this is in addition to the N57bn which was paid out in 2011 as monetisation arrears. The demand of the workers meant a payout of over 97.5 percent of the power privatisation proceeds. The workers will receive payment for redundancy, gratuity and arrears of payment into the retirement or pension accounts of the about 45,000 workers.
It is expected that all workers of PHCN will be fully evaluated by the new owners of the privatised assets and those found to be incompetent will not be retained in their posts. They will collect their compensation and then go on to restart their lives elsewhere. The competent ones will be retained and they will get only part of the compensation, the one to be linked to their pension account.
State of the NIPPs and related projects
The National Integrated Power Project (NIPP) was conceived in 2004 as a fast track government-funded initiative to stabilise Nigeria’s electricity supply system while the private-sector led structure of the Electric Power Sector Reform Act (EPSRA) of 2005 took effect. NIPP was originally designed around seven medium-sized gas-fired power stations in the gas-producing states, and the critical transmission infrastructure needed to evacuate the added power into the national grid. A commitment to electrify host communities in the vicinity of the power stations and major substations gave rise to the distribution component of the project. These assets are listed thus: Calabar - 561mw; Egbema - 338mw; Ihovbor - 450mw; Gbarain - 225mw; Sapele - 450mw; Omoku - 250mw; Alaoji - 1,074mw; Olorunsogo II - 750mw; Omotosho II - 500mw; Geregu II - 434mw; Ibom Power - 190mw; Total - 5,222mw.
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