Power market’s debts profile to NDPHC hits N190bn

  The total debts profile of the Nigeria’s electricity market to the Niger Delta Power Holding Company (NDPHC) has hit N190 billion. Managing Director of the NDPHC, Chiedu Ugbo, who said this during a presentation at the Senate hearing on power, declared that the N190 billion debts has become one of the challenges hampering the growth of the power market. Despite the challenge posed by the debts, the NDPHC is still working assiduously to deliver on its mandate, Ugbo said.   Stating that the firm’s output is also being hampered…

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