Privatisation: Powers behind the new power companies

TransformationWatch

Following the handing-over of ownership certificates and legal documents to the 15 new investors of the new power firms drawn out of the defunct Power Holding Company of Nigeria (PHCN), electricity consumers are expecting quality service delivery from the firms. It is, hence, pertinent that the public is enlightened on the real owners of the companies to help prepare them for likely expectations.

President Goodluck Jonathan on Monday September 30 handed over ownership certificates to 15 new investor companies to take over five generation companies (Gencos) and 10 distribution companies (Discos). The Bureau of Public Enterprises (BPE) put the total sale figures of both the gencos and discos at $2.525 billion (about N404 billion). The gencos went for $1.269 while the discos were sold for $1.256bn.

Vice President Namadi Sambo said that with the take-over, the federal government expects the new genco owners to generate additional 5000 megawatts within a…

View original post 2,372 more words

Advertisements

0 Responses to “Privatisation: Powers behind the new power companies”



  1. Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s




My calendar

October 2013
M T W T F S S
« Sep   Nov »
 123456
78910111213
14151617181920
21222324252627
28293031  

Blog Stats

  • 22,227 hits

My posts

October 2013
M T W T F S S
« Sep   Nov »
 123456
78910111213
14151617181920
21222324252627
28293031  

Twitter Updates

Error: Twitter did not respond. Please wait a few minutes and refresh this page.


%d bloggers like this: