Prof. Chinedu Nebo
. Mulls creation of shadow management
By Chineme Okafor
The Nigerian Electricity Regulatory Commission (NERC) has transmitted a letter confirming to the Minister of Power, Prof. Chinedu Nebo, that most of the enablement required to set the Nigerian Electricity Supply Industry (NESI) into the transitional stage were inherent, and as such he should consider declaring the Transition Electricity Market (TEM) open for operation without further delays.
This comes as the Transition Steering Group (TSG) has proposed the creation of a “shadow management”, which would mean the infusion of few management members of the new owners of the privatised PHCN companies in the operations before their eventual handover to them.
A presidential source told THISDAY in Abuja that a letter was sent to Nebo by NERC last week, intimating him of further accomplishments in the reform of Nigeria’s power sector as well as its thoughts on further expansions in the sector with the declaration of TEM.
A presidential source told THISDAY in Abuja that a letter was sent to Nebo by NERC last week, intimating him of further accomplishments in the reform of Nigeria’s power sector as well as its thoughts on further expansions in the sector with the declaration of TEM.
According to the source, the letter written by NERC stated, among other things, that the existence of the National Electric Power Policy (NEPP), which birthed the Electric Power Sector Reform (EPSR) Act 2005 as well as extant market rules in the sector containing all the conditions precedents required to be met in the liberalisation of the sector, were enough to declare the TEM.
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