The Rivers State Government says it has approved the termination of the share sale contract for 70 percent eauity of the state owned power generation assets.

The state commissioner for information, Mr Emma Okay while addressing journalist s after the state Executive council meeting in port-Harcourt said , the contract held by first independent power limited in Omoku, Afam, Trans -Amadi and Eleme Gas Turbines to Nigeria power H P S limited had been terminated.

The commissioner said that the government also terminated the concession of the rivers and Bayelsa state owned Olympia Hotel to Cenpropsaroten Hotel management limited.

By Oladele Oguntimehin

Lagos