The December 2012 deadline set for the completion of the sale of power distribution companies is currently being threatened. No deadline has been set for winners to pay, barely one month to the end of the year.
The inability of government to fast-track the privatisation process is also taking its toll on power distribution across the country; the federal government has admitted that it transmits less than the 5,000 megawatts of power currently generated.
President Goodluck Jonathan said, during the "Presidential Media Chat" yesterday, that though 5,000MW of power was currently being generated, up from 2,800MW which it inherited, not all of it can be evacuated due to poor transmission and distribution infrastructure.
President Jonathan however assured that, after the completion of the privatisation process, transmission and distribution would pick up.
The president also cleared the air about the reversal of the Manitoba contract, saying it has not been revoked. According to him, some issues were raised as a result of misunderstanding. There was some confusion over the process, he said, which they felt should be rectified to ensure that the contract was in order with all procedures
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