By Clara Nwachukwu & Oscarline Onwuemenyi
ABUJA – Six firms have won the bids to operate ten electricity distribution companies across the country, a process which may signal the end of efforts by the Federal government to privatize the successor distribution companies (DISCOs) created from the unbundling of the Power Holding Company of Nigeria (PHCN).
ABUJA – Six firms have won the bids to operate ten electricity distribution companies across the country, a process which may signal the end of efforts by the Federal government to privatize the successor distribution companies (DISCOs) created from the unbundling of the Power Holding Company of Nigeria (PHCN).
According to the National Council on Privatisation, which is headed by the Vice President, Namadi Sambo, the envisaged total proceeds from the sale of 60 per cent of the 10 DISCOs being offered for sale is N197.25 billion.
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