PHCN office
BPE: FG extremely magnanimous to demands of electricity workers
BPE: FG extremely magnanimous to demands of electricity workers
Chineme Okafor
Nigeria’s reform of her electricity industry which include the privatisation of successor generation and distribution companies created from the unbundling of the defunct Power Holding Company of Nigeria (PHCN) will serve as a learning curve for member countries of the Economic Community of West African States (ECOWAS), THISDAY has learnt.
Such level of interests on Nigeria’s electricity privatisation programme by ECOWAS member countries was shown yesterday at the consultative committee meeting of the fourth ECOWAS Regional Electricity Regulatory Authority (ERERA) currently holding in Banjul, capital of the Gambia.
Shortly before going into a closed door session, member countries of ERERA, which comprise electricity regulatory authorities of ECOWAS countries, including the Nigerian Electricity Regulatory Commission (NERC), indicated their willingness to learn from Nigeria’s privatisation experience especially in line with their aspirations to foster a competitive regional cross-border trade of electricity.
Discussions on minimum regulatory risk for all stakeholders in the electricity market, best contractual arrangements between operators in member states as well as transparency in cross border power trade are some of the issues that will dominate proceeding at the forum.
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