THE National Council on Privatisations (NCP) has directed the Office of the Accountant General of the Federation to ensure that workers of the Power Holding Company of Nigeria (PHCN) receive their entitlements not later than September 27.
The directive, issued at the NCP’s sixth meeting in Abuja, coincided with the approval of the payment of the remaining 75 per cent of the 14 companies that bid for the assets of PHCN.
The firms include: Amperion Power Company Limited(Geregu); Transcorp/Woodrock (Ugbeli); Integrated Energy Company(Ibadan); NEDJO/KEPCO(Ikeja); Vigeo Power Limited(Benin); Aura Energy Limited(Jos); Integrated Energy Company(Yola); Mainstream Energy Limited(Kainji); West Power
& Gas(Eko) and Mainstream Energy Limited(Kainji).
Others are KANN Consortium (Abuja); Power
Consortium (Port Harcourt), Sahelian Power SPV Limited (Kano); the North South Power (Shiroro) and Interstate Electric Limited (Enugu).
The spokesperson of The Bureau of Public Enterprises (BPE), Chigbo Anichebe, in a statement said NCP directed the office of the Accountant General of the Federation to ensure that the entitlements of all the workers of PHCN are fully paid from September 23-27.
He explained that 12 companies met the August deadline for payment of their 75 per cent balance of the bid price.
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