PHCN
By James Emejo
The Director General, Bureau of Public Enterprises (BPE), Mr. Benjamin Ezra Dikki, said about $1.8 billion is expected to be realised from the distribution companies (discos) unbundled from the Power Holding Company of Nigeria (PHCN). when the private investors finally take over the assets in October.
He also said in a presentation entitled: "The status of PHCN Transaction and Implications for National Integrated Power Project (NIPP) Transaction," that the need for reliability and self-sustenance to ensure predictability and security of the transmission system had informed government’s decision to engage a Management Contractor for the Transmission Company of Nigeria (TCN).
The Director General disclosed that the total investment expected to be made in the distribution companies when the private investors finally take over in October was about $1.8 billion.
He added that the investment would cover among others, metering, new customer connections and network expansion, reduction in number of customer interruptions and health, safety and environmental practices.
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