The Senate committee on Power has summoned the Managing Director, Niger Delta Power Holding Company (NDPHC) over the alleged mismanagement of $500 million electricity assets.

The senate committee asked the NDPHC boss to account for the circumstances surrounding some fire incidences in some power plants across the country.

In its summon cited by TheCable, the committee added it would investigate the nature of the inferno that consumed some parts of the power plants which led to the loss of substantial electricity generation.

Some of the power plants listed in the summon include Gbarain, which had a fire incident; Ihovbor, with a turbine failure, Olorunsogo, Alaoji, Calabar and Sapele IPPs.

The committee said: “Over 4,000 megawatts (MW) worth of generation assets entrusted to NDPHC have been substantially damaged and about 500MW worth of generation which can easily be translated to over $500 million has been run down by company.

In addition, the committee asked the management of NDPHC to submit a detailed report of the incidents on Friday.(THISDAY: Text, excluding headline)

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