HYDRO-ELECTRIC POWER PRODUCING AREAS DEVELOPMENT COMMISSION (AMENDMENT) ACT, 2013

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HYDRO-ELECTRIC POWER PRODUCING AREAS DEVELOPMENT COMMISSION (AMENDMENT) ACT, 2013

EXPLANATORY MEMORANDUM

This Act, amends the Hydro-Electric Power Producing areas Development Commission (Amendment) Act, 2010 to , among other things, expand the membership of representations  of the communities affected by the activities of hydro-electric power  producers and replace  the 30% revenue derived from the total revenue  accruing  to the companies or authorities operating in the host communities with 10% revenue derived from concessioning of the hydro plants and  royalties paid to the Federal Government.

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ARRANGEMENT OF SECTIONS

1. Amendment of Act, No. 7, 2010.
2. Amendment of section 3.
3. Amendment of section 14.
4. Citation.

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HYDRO-ELECTRIC POWER PRODUCING AREAS DEVELOPMENT COMMISSION (AMENDMENT) ACT, 2013

An Act to amend the Hydro-Electric Power Producing Areas Development Commission (Establishment, Etc) Act, No. 7, 2013  to, among other things, expand  the membership of representations of the communities affected  by the activities of hydro-electric power producers; and for related matters.

ENACTED by the National Assembly of the Federal Republic of Nigeria –

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[Commencement ]

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