PHCN office
Chineme Okafor
The Nigerian Electricity Regulatory Commission (NERC) has again indicated its posture on a “fit and proper” management takeover of successor companies created out of the Power Holding Company of Nigeria (PHCN) by various preferred bidders in the yet to be concluded privatisation programme.
NERC in a guideline it released to determine fit and proper entities and persons engaging in electricity undertaking in the Nigerian Electricity Supply Industry (NESI) stated its intention to ensure that every operator in the NESI has the requisite financial and technical capability to deliver on its license obligations.
The guideline, which was obtained by THISDAY in Abuja has been approved by the board of the Commission and will be presented this week to operators in the NESI for adoption and immediate operation in line with the Electric Power Sector Reform Act (EPSR) Act, 2005 which also requires utilities that have strong technical and financial capabilities to efficiently and effectively generate, distribute and transmit electricity to end-users in Nigeria.
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