The payment process for the sale of the Distribution Companies (DISCOS)
is gradually approaching a conclusion with the commitment by all but one of the
companies, Interstate Electrics for Enugu DISCO. Sources in the Bureau for
Public Enterprise (BPE) confirmed that the company is yet to make full payment
and may be taking advantage of a clause in the Request For Proposal (RFP) that
gives the preferred bidders 21 working days grace after the deadline to pay up.
Even so, there are genuine concerns about government’s ability to deliver its
promise on the scheduled period as EFE EBELO, Snr. Correspondent,Abuja reports
on the situation update.
According to sources within the BPE government is waiting for the
period to lapse before reverting to the reserve bidder.
However, other companies have paid up and the complete payment now entitles
the preferred bidders to take full possession of the 15 PHCN unbundled entities
(10 Distribution companies and 5 Generation companies).
Minister of Power, Professor Chinedu Nebo described this as a great milestone in the Power Sector Reform Roadmap that should give hope to all Nigerians, and inspire confidence in government’s power reform programme and President Jonathan’s Transformation Agenda.
The Minister said he would soon formally declare open the Transition Electricity Market, to enable the investors commence business in earnest and further drive the process.
Professor Nebo also reassured all Nigerians and investors of government’s resolve to pursue the transformation agenda to the end, and monitor the emerging transition market, in order to protect the interest of both the citizenry and the investors.
He said the stability of the national grid was being enhanced to ensure effective transmission of any quantity of power
Minister of Power, Professor Chinedu Nebo described this as a great milestone in the Power Sector Reform Roadmap that should give hope to all Nigerians, and inspire confidence in government’s power reform programme and President Jonathan’s Transformation Agenda.
The Minister said he would soon formally declare open the Transition Electricity Market, to enable the investors commence business in earnest and further drive the process.
Professor Nebo also reassured all Nigerians and investors of government’s resolve to pursue the transformation agenda to the end, and monitor the emerging transition market, in order to protect the interest of both the citizenry and the investors.
He said the stability of the national grid was being enhanced to ensure effective transmission of any quantity of power
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