The Minister Of Water Resources, Suleiman Adamu Has Denied Claims That It Was Privatising The Nation’s Dams, Saying What Was Being Done Was Hydropower Concessioning.
Adamu Said This At The Opening Of A Media Water Sector Workshop In Abuja.
According To Him, What Is Being Done Is To Give Partial Ownership To Beneficiaries To Develop The Hydro Power Component For The Overall Benefit Of Nigerians.
Adamu Said The Concessioning Model, Being Facilitated By The Infrastructure Concessioning And Regulatory Commission And Bureau Of Public Enterprises Allows A Concessionaire To Take Custody Of The Project For A Period Of Time As Determined By The Financial Analysis.
He Added That The Concessionaire Would Be Responsible For Generating Hydro Power And Connecting It To The Transmission Network Made Available By The Transmission Company Of Nigeria For Distribution.
