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Tuesday, August 20, 2013

Privatisation: FG insists power bidders must pay N258bn tomorrow

 

PHCN workers get N119bn benefits

The Federal Government has insisted that August 21 remains the deadline for payment of the outstanding $1.67 billion (N258.5bn) or 75 per cent of the bid value of the 15 electricity generation companies, GENCOs, and electricity distribution companies DISCOs put up for sale under the power sector privatisation programme.
The Bureau of Public Enterprises, BPE, which made this known yesterday, stated that the deadline was already stipulated in the Request for Proposal,
 

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