By Chris OchayiABUJA – The Federal Government has given the nod for the preferred bidders to take full possession of the 15 Power Holding Company of Nigeria, PHCN successor companies, following substantial compliance recorded in payments by the investors at the expiration of the deadline last Wednesday.The Minister of Power, Prof. Chinedu Nebo, said in Abuja that the Federal Government recorded substantial compliance in payments by the preferred bidders for the sale of the PHCN companies under a globally acclaimed power privatization programme.By the close of transaction by 5pm on Wednesday, all the bidders had paid up, except for the Enugu Distribution Company, while the preferred bidder for Sapele Power Station had made substantial part-payment. -
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