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Power Firms Owe Us N160bn, Says NDPHC

Power Firms Owe Us N160bn, Says NDPHC       The indebtedness of the power sector to the Niger Delta Power Holding Company has hit N160bn, the Managing Director, NDPHC, Chiedu Ugbo, stated on Wednesday. NDPHC is Nigeria’s power company fully subscribed to by the federal, state and local...

N105b Debt Cripples NDPHC

The Managing Director, Niger Delta Power Holding Company (NDPHC), Chiedu Ugbo yesterday lamented that the over N105 billion debt being owed the firm is affecting its operation. He said other challenges bedeviling the firm, include low pace of work, vandalism of projects and the failure...