Pressure mounts for extension of payment deadline for Enugu Disco
• Reserve bidder writes BPE
• Amperion pays N11b for Geregu plant
TO boost electricity supply in the country, the Africa Finance Corporation
(AFC) in conjunction with UBA Bank Plc, as co-arrangers, and FCMB and Fidelity
Bank as co-financiers has provided a N13 billion debt financing facility for the
acquisition of Ughelli Power Plc. The aggregate commitment of AFC for the
acquisition is N8 billion.
Meanwhile, there is intense lobby at the Bureau of Public Enterprises (BPE)
to extend the payment deadline for Enugu Electricity Distribution Company, which
could not be paid for when the deadline ended on Wednesday.
In a related development, Eastern Electric, the reserve bidder for Enugu
Electric Distribution Company, has made overtures to the BPE to respect the law
and immediately allow it make payment following the inability of the preferred
bidder to meet up.
No comments:
Post a Comment