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Tuesday, August 20, 2013

Firm Completes Payment For Power Company – BPE

 
Core investors in the privatised PHCN successor companies are currently making frantic efforts to pay up the 75 per cent balance of the value of the firms they won, even as the clock ticks towards the expiration of the deadline at 5pm today.
With barely a few hours left before the expiration of the deadline, LEADERSHIP checks revealed that only one of the 15 privatised power distribution and generation companies has been fully paid for, even as the Bureau of Public Enterprises (BPE) awaited bank alerts signalling payments from the 14 other  companies.
Chigbo Anichebe, head, public communications of BPE, told LEADERSHIP the companies had started paying. However as at 6pm yesterday, only one bidder had paid the 75 per cent balance in full.
“Our account department says they have been getting alerts from our bankers but as of now only one bidder has made full payment.

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