In a move by the government to accelerate the pace of provision of infrastructure across the country, a Public Private Partnership (PPP) approach is about to be robustly engaged in different sectors of the economy including power.
This is contained in a circular obtained recently in Abuja from the Infrastructure Concession Regulatory Commission, ICRC, the body saddled with the management of the federal government’s PPP.
The document dubbed, “2016/2017 Public Private Partnership Project Opportunities”, has a list of projects prepared for a PPP approach. The power sector enjoys a good share of attention in the list.
The development of hydroelectric power from existing 10 small & medium dams across the country to generate about 45MW of off-grid power for the dam environment has been identified.
The small and medium dams in view for the project are Owena, Ikere Gorge and Oyan dams in Lot 1; Bakalori, Doma and Omi-Kampe dams in Lot 2; Challawa, Tiga, Jibiya and Zobe dams in Lot 1 with an estimated cost of N29.4 billion.
The development of other dams such as Tede and Dasin Hausa as well as the concession of Oturkpo Dam, all for hydro power were also part of the list.
The circular further states that the projects are in line with the mandate of the commission to ensure that due process is followed in PPP arrangements.
This publication is meant to notify interested investors to participate in the process when procurement commences.
This is not an invitation to submit expression of interest.
The projects are consistent with President Muhammadu Buhari’s change agenda and are being developed by relevant MDAs of the Federal Government
The projects are also in line with the ICRC Act 2005 and the National Policy on PPP.
The details on when investors would be invited to bid for the projects are yet to be issued but if implemented, this arrangement would increase the flow of funds into the power sector.