Sam Amadi |
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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