Namadi Sambo To Handover PHCN Physical Assets to Successor Companies
The federal government says it would go ahead with the physical hand over of the company’s assets to the new owners on the 1st of November despite the threat of a nationwide strike by electricity workers on that day.
The Permanent Secretary, Ministry Of Power, Godknows Igali, announced this after a meeting with Vice President Namadi Sambo, on the power privatisation process.
He added that the federal government had made significant progress in the payment of the disengaged workers, saying 40,093 out of the 47,913 identified disengaged PHCN workers had been fully paid their entitlements which he put at 294.4 billion Naira.
It will be recalled that President Gooduck Jonathan had formally handed over the Power Holdings Company of Nigeria, PHCN, to private organisations that bought it, with a pledge that they would take over the companies without any liabilities.
The 15 companies which were handed over their share certificates at the Presidential Villa, Abuja, on 30th of September, include Kann Consortium for Abuja Disco, Interstate for Enugu, Aura Energy for Jos, Vigeo for Benin, West Power and Gas for Eko, NEDC/KEPCO for Ikeja, 4Power Consortium for Port Harcourt, Sahelian for Kano and Integrated Energy for both Ibadan and Yola Discos.
Others are Mainstream Energy, core investor for Kainji and Jebba Gencos; Transcorp/Woodrock for Ughelli as well as North South for Shiroro, while Amperion and NEDC/KEPCO got share certificates for Geregu and Egbin Gencos respectively.
The President who personally gave out the licenses and share certificates to the investors at the Aso Rock Villa stated that liabilities of the PHCN would be managed by Nigerian Electricity Liability Management Company, NELMCO.
The Permanent Secretary, Ministry Of Power, Godknows Igali, announced this after a meeting with Vice President Namadi Sambo, on the power privatisation process.
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| PHCN workers protesting the non-payment of their entitlements in Abuja…yesterday |
He added that the federal government had made significant progress in the payment of the disengaged workers, saying 40,093 out of the 47,913 identified disengaged PHCN workers had been fully paid their entitlements which he put at 294.4 billion Naira.
It will be recalled that President Gooduck Jonathan had formally handed over the Power Holdings Company of Nigeria, PHCN, to private organisations that bought it, with a pledge that they would take over the companies without any liabilities.
The 15 companies which were handed over their share certificates at the Presidential Villa, Abuja, on 30th of September, include Kann Consortium for Abuja Disco, Interstate for Enugu, Aura Energy for Jos, Vigeo for Benin, West Power and Gas for Eko, NEDC/KEPCO for Ikeja, 4Power Consortium for Port Harcourt, Sahelian for Kano and Integrated Energy for both Ibadan and Yola Discos.
Others are Mainstream Energy, core investor for Kainji and Jebba Gencos; Transcorp/Woodrock for Ughelli as well as North South for Shiroro, while Amperion and NEDC/KEPCO got share certificates for Geregu and Egbin Gencos respectively.
The President who personally gave out the licenses and share certificates to the investors at the Aso Rock Villa stated that liabilities of the PHCN would be managed by Nigerian Electricity Liability Management Company, NELMCO.
Namadi Sambo To Handover PHCN Physical Assets to Successor Companies
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Reviewed by Msl
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