GOING by government’s time schedule, the Nigeria Power Sector Reform Roadmap
is set to enter the next crucial phase — the Transitional Electricity Market
(TEM) stage — for the commencement of a fully contracted electricity market mode
under an anticipated robust commercial and technical regime.
It was celebration in government circles Wednesday night as it recorded
substantial compliance in payments by Preferred Bidders for the sale of
unbundled companies of the Power Holding Company of Nigeria PHCN, under its
globally acclaimed power privatization programme.
By the close of transactions Wednesday night, all Preferred Bidders had
paid up, except the Enugu Distribution Company, while the preferred bidder for
Sapele Power Station had made substantial part-payment.
The completion payment now entitles the preferred bidders to take full
possession of the 15 PHCN unbundled entities (10 Distribution companies and 5
Generation companies).
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