Fashola Promises FG Will Pay Verifiable Debts to Power Firms

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The Minister of Power, Works and Housing, Mr. Babatunde Fashola has said the Federal Government is committed to the payment of all legally contracted and verifiable debts in the power sector.

Speaking on Friday during the inauguration of additional 220 Megawatts of electricity to be dedicated to Lagos State by Egbin Power Plant, Fashola commended the Sahara Group and the KEPCO of Korea, who are the new owners of Egbin Power Plant for putting their investments and talents to tackle a local challenge.

Fashola also lauded the Bureau of Public Enterprises (BPE) and other stakeholders for taking the power sector far through the process of privatisation. On the debts owed the company, the minister stated that the government would pay debts that are legally contracted and verifiable. He promised to ensure that ministries, departments and agencies (MDAs) pay their electricity bills promptly.

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