FG Set To Hand Over Power Assets: As the National Union of Electricity Employees (NUEE) readies to withdraw its members from all Power Holding Company of Nigeria (PHCN) facilities across the country tomorrow, plans have also been concluded by the Vice-President, who is also the Chairman of the National Council on Privatisation (NCP), Alhaji Namadi Sambo, to formally hand over the physical assets of 14 PHCN successor companies to their new owners. The event is expected to occur simultaneously at the headquarters of the successor firms across the country where the vice-vresident would be represented by ministers and other top government functionaries. A statement from the Bureau of Public Enterprises (BPE), which was signed by its spokesman, Chigbo Anichebe, however said the Sapele Generation Company (SGC) would not be affected by the exercise since the NCP had directed its legal committee to undertake a comprehensive legal review of the status of the company following the failure to complete payment by the preferred bidder. The successor companies expected to be handed over to the new investors include Abuja Distribution Company (owned by KANN Consortium Utility), Benin Distribution Company (Vigeo Power Consortium), Eko Distribution Company (West Power & Gas), Enugu Distribution Company (Interstate Electrics Ltd) and Ibadan Distribution Company (Integrated Energy Distribution & Marketing Limited). Others are: Ikeja Distribution Company (NEDC/KEPCO Consortium), Jos Distribution Company (Aura Energy Limited), Kano Distribution Company (Sahelian Power SPV Limited), Port Harcourt Distribution Company (4Power Consortium) and Yola distribution Company (Integrated Energy Distribution & Marketing Limited). The generation companies expected to be handed over are Shiroro (owned by North-South Power Company), Kainji (Mainstream Energy Solutions Ltd), Geregu (Amperion Power Distribution) and Ughelli (Transcorp Ughelli Power Plc). Expected to represent the vice-president at the various hand over venues are: Minister of Power, Prof. Chinedu Nebo (Abuja), Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala (Ibadan): and Minister of Petroleum Resources, Mrs. Deziani Alison-Madueke (Enugu). Others are Minister of Trade and Investment, Mr. Olusegun Aganga (Eko), Minister of Transport, Senator Idris A. Umar (Kainji/Jebba) and Attorney General of the Federation (AGF) and Minister of Justice, Mr. Mohammed Bello Adoke (Yola). Others include the Minister of Mines and Steel Development, Mohammed Musa Sada (Kano), Minister of Information, Labaran Maku (Jos), Minister of Labour and Productivity, Chief Emeka Wogu (Ughelli) and Minister of State (Works), Ambassador Bashir Yuguda (Shiroro). Director General of BPE, Mr. Benjamin Ezra Dikki (Ikeja & Egbin), Permanent Secretary, Ministry of Power, Dr. Godswill Igali (Port Harcourt), Chairman, Presidential Task Force on Power, Mr. Beks Dagogo-Jack (Benin) and Group Managing Director of NNPC, Mr. Andrew Yakubu (Geregu), will also participate in the exercise.
Posted on: Fri, 01 Nov 2013 10:29:33 +0000
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