Prof Barth Nnaji: Privatisation of PHCN to open next week

Posted: July 13, 2012 in Business

The bid for the take-over of the 17 successor companies from the unbundling of the Power Holding Company of Nigeria (PHCN) will open next week.

This was disclosed by the Minister of Power, Professor Barth Nnaji during an interview with Channels Television on Friday.

According to Prof. Nnaji, the federal government will next week also sign a Memorandum of Understanding with Canada-based Manitoba Hydro International Limited for the management of the Transmission Company of Nigeria.

The restructuring of the PHCN saw the emergence of 18 successor companies – six generation, one transmission and 11 distribution companies.

follow@iamowolewa

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s