TO ensure that privatised Power Holding Company of Nigeria (PHCN) companies live up to expectations, the Bureau of Private Enterprises (BPE) has put in place machineries to train its staff on how to monitor privatised companies.
At one of such trainings which took place on Monday, the Director-General of BPE, Mr Benjamin Ezra Dikki, charged staff to acquaint themselves with the monitoring techniques for the power companies sold to the private sector to ensure that the core investors fulfilled the covenants of the transaction.
Declaring open a one-day training for staff of the bureau on post privatisation monitoring of privatised power companies, Dikki noted that unlike in the other transactions, the post privatisation monitoring of the power companies was complex and required adequate understanding of the issues involved by all staff who would be involved in the monitoring process.
He said that the Post Privatisation Monitoring Department (PPM) of the bureau would not be left alone to monitor the power companies. He also stated that the bureau was going to collaborate with NERC, the regulator of the power sector, to assist in enforcing the covenants.
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