New power investors on Wednesday reeled out the challenges confronting them since they took over the electricity generation and distribution companies from the defunct Power Holding Company of Nigeria on October 1.
The private investors spoke at the first general meeting organised by the Nigerian Electricity Regulatory Commission in Abuja, where they described the problems in the sector as overwhelming.
They also denied claims that they fired about 50 per cent of the workers inherited from the PHCN and insisted that the employees were retrenched by the Bureau of Public Enterprises.
The Managing Director/Chief Executive Officer, Kano Distribution Company, Dr. Jamili Gwamna, said power allocation to his DISCO had been far below expectation, a development that had affected the firm’s revenue “drastically.”
He said, “Our power allocation has been low in recent times. So, how on earth will customers pay me and how will I pay money also? There has not been power and when you threaten to disconnect consumers, they tell you to hurry up with the disconnection process.”
No comments:
Post a Comment