The fear of losing in court and the likely setback for the power sector reforms may have made President Goodluck Jonathan to reverse his termination of the management contract of the Transmission Company of Nigeria (TCN) to Manitoba Hydro International of Canada on Tuesday.
The Bureau of Public Procurement (BPP) finally sent a ratification letter to the Bureau of Public Enterprises on Monday, reports said, putting a stop to the controversy over the contract process. Manitoba Hydro had threatened to go to court to seek redress in the event of an eventual cancellation of its $23.7 million contract to run the TCN for three years which formally commenced on September, 1, 2012.
Last week Tuesday, reports were rife in the media of President Goodluck Jonathan’s approval of the contract’s cancellation, citing non-adherence to procurement procedure. The development was greeted with wide criticism from industry experts and other members of the public who feared that the move could set reforms in the sector back.
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