BPE to execute work plans for power sector this year

THE Bureau of Public Enterprise (BPE) has assured that it would continue with its work plan for the Nigeria’s power sector in 2013.
The various projects that needs to be dealt with in 2013 include the conclusion of the sale of the Gencos and Discos by the BPE, the negotiation, which is expected to begin in mid January, raising finance for the Transmission Company of Nigeria (TCN), Independent Power Plants (IPPs), Genco and Doscos and successful resolution of labour disputes with Power Holding Company of Nigeria (PHCN) staff.
Other issues that need in the front burner in the power sector in 2013 include implementing the backstopping/guarantee of the bulk trader to Gencos/Discos, issues with gas tariff/supply, which is responsible for up to 80 per cent of Nigeria’s power generation, and the ability of the National Electricity Liability Management Company (NELMCO) to take over legacy PHCN liabilities from successor companies.
By July 2013, the preferred bidders for the country’s power generation and distribution firms are expected to take control of the companies.

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