Contractors who handled the controversial power plants initiated by the former President Olusegun Obasanjo's but failed to perform satisfactorily may be forced to refund the money and pay interest on them.
This is among punitive measures the House of Representatives Committee on Power and Steel probing the alleged $16 billion spent on the energy sector between 1999 and 2007 may recommend to the Federal Government.
Aside the representatives' probe, the Federal Government has intensified its efforts to bail out the energy sector from its near moribund state.
Its current focus is on the controversial National Integrated Power Projects (NIPP), where a global firm hired by the government to assess seven of the power plants and recommend ways to make functional has submitted its report.
After inspecting the Papalanto Power Plant in Ogun State yesterday, the panel's chairman, Mr. Godwin Ndudi Elumelu, said the contractors who performed poorly would be made to refund the money and pay interest on them.
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After many problems, much payment, and little results, the power sector of Nigeria did not do very well last year. Hopefully, the contracters will follow through and refund money, which might mitigate some of the damage and lack of progress in the power sector.
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