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Tuesday, 15 December 2015

Presidency intervenes in Enugu Disco, Barth Nnaji's Geometric Power dispute promises to resolve soonest

Sam Amadi
The Chairman of the National Electricity Regulation Commission, Mr. Sam Amadi has said  that the Presidency has intervened in the lingering dispute between Barth Nnaji's  Geometric Power and Emeka Offor's owned Enugu Electricity Distribution Company over the lease agreement granted to the 141 megawatts (MW) Aba Power Plant.

Mr. Amadi said that NERC has developed a settlement plan which the Presidency was reviewing for adoption. He said the Vice President, Prof. Yemi Osinbajo has had a meeting with the parties preparatory to eventual resolution of the issue, adding that a win-win resolution of the issue is expected soon.
Emeka Offor 

I have been mandated to draw out a settlement plan. We have done that and completed it. It is now at the VP’s office.

NERC’s framework is to be adopted and reviewed as an out of court. “It is about recognising Enugo Disco as the landlord and Geometric as the lease holder. As their schedule allows them, they will call for the final meeting. It will be a win-win,” he said.

Geometric which operates the 141MW Aba Power, was founded by former Minister of Power, Prof Barth Nnaji. The company is presently at loggerheads with the Bureau for Public Enterprises (BPE), which sold the Aba and Ariaria Business Districts of the Enugu Electricity Distribution network to Interstate (new owners of Enugu Electricity Distribution Company) in spite of a 2005 deal that ring-fenced and concessioned the units to Geometric to feed its power directly to.

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