VP to handover PHCN assests to new owners
(Nigeria) The Vice President Namadi Sambo will officially hand over
the physical assets of the 14 Power Holding Company of Nigeria, PHCN Successor
Companies to the new owners on November 1.
This is contained in a statement in Abuja on Thursday by the
Bureau of Public Enterprises, BPE.
The statement by the Head of Public Communication of BPE, Mr
Chigbo Anichebe said the event would also hold simultaneously at the
headquarters of the PHCN Successor companies across the country.
It, however, said that Sapele Generation Company, SGC, would
not be affected by the exercise since National Council on Privatisation, NCP,
has directed its legal committee to undertake a comprehensive legal status of
the company.
According to the statement, the decision followed the failure
of the preferred bidder to complete payment.
The statement listed the Successor Companies to be handed
over and their new owners to include: Abuja Distribution Company (KANN
Consortium Utility), Benin Distribution Company (Vigeo Power Consortium).
Others are Eko Distribution Company (West Power & Gas),
Enugu Distribution Company (Interstate Electrics Ltd) and Ibadan Distribution
Company (Integrated Energy Distribution & Marketing).
Ikeja Distribution Company (NEDC/KEPCO Consortium), Jos
Distribution Company (Aura Energy), Kano Distribution Company (Sahelian Power
SPV), Port Harcourt Distribution Company (4Power Consortium) and Yola
distribution Company (Integrated Energy Distribution &Marketing Ltd).
It also listed
generation companies to include: Shiroro (North-South Power Company),
Kainji (Mainstream Energy Solutions), Geregu (Amperion Power Distribution) and
Ughelli (Transcorp Ughelli Power).
The statement quoted the Director General of BPE, Mr
Benjamin Dikki as saying that the hand over was a culmination of 14 years of
effort by the NCP, BPE and other key stakeholders.
It recalled that President Goodluck Jonathan had formally
handed over share certificates and licences to the 14 new owners who had made
100 per cent payment of their bid amount.
The Electric Power Sector Reform Implementation Committee
was set up in year 2000 with the mandate to proffer an appropriate legal and
regulatory framework for the sector.
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