The Minister of Power, Works and Housing, Mr Babatunde Fashola, said in Abuja where the companies signed an agreement that the settlement of the dispute was a historic achievement in the sector.
He said that it was important that two former ministers in the country, Prof. Barth Nnaji and Mr Tokunbo Kayode, were on different sides of the dispute.
Fashola expressed appreciation to Vice President Yemi Osinbanjo, who he said initiated the process of settling the dispute six months ago.
The minister said with the settlement of the dispute, the people at Aba and Ariaria market would now have electricity to boost their businesses.
Fashola also said that though there were challenges due to vandalism and theft of power equipment by hoodlums, the future was still bright for the industry.
The minister further explained that the 200 megawatts of power generated by Geometric would add to the available power in the country.
Nnaji, who earlier said the signing of the agreement was historic, expressed gratitude to the president, vice president and the Permanent Secretary in the ministry for their efforts in resolving the dispute out of court.
Kayode also expressed regrets at the dispute, commending the efforts of the president, vice president and permanent secretary in tackling the problem.
According to Kayode, the signing of the agreement will fast track development in Aba and its environs.
http://www.vanguardngr.com/2016/03/power-fg-settles-dispute-eedc-geometric-power/
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