Senior Special Adviser on Investment and Industrialization, Chief Senas Ukpana, who disclosed this to journalists, said that the arrangement was consistent with modern investment practices.
He said that insinuations by some members of the opposition that the state government was trying to mortgage the future of youths in the state by selling the power plant is being promoted by those who lost out in the last PDP primaries.
He also disclosed that a private investor has proposed to establish another power plant at Ikot Abasi due to the availability of gas supply from the Uquo Gas plant in Esit Eket local council of the area.
On fears expressed by some people from the Oron area of the state over plans by the state government to relocate the proposed sea port planned for Ibaka in Mbo local council to Esit Eket, the Special Adviser explained that such decisions were technical and would be taken by experts handling the project.
It would be recalled that Senator Ita Enang had in a local radio programme recently urged the state government to reconsider any move aimed at selling the state owned independent power plant for the interest of the future of the state.
Enang had said that feelers that the Governor Godswill Akpabio led administration want to sell the power plant have received a negative response from stakeholders in the state.
The Senate committee chairman on Business and Rules was of the opinion that selling the plant would not only jeopardise efforts at ensuring 24 hour electricity coverage for the people of the state but could deny future generations of the state a valuable asset.
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