Wednesday, 26 June 2013

New Investors To Take Over PHCN Firms In October

The Director-General, Bureau of Public Enterprises, Mr. Benjamin Dikki, has said core investors in the successor companies carved out of the Power Holding Company of Nigeria are expected to fully take over the electricity companies in October.

By then, the investors would have paid the balance of 75 per cent of the bid price for the respective companies since they had earlier made the mandatory 25 per cent payment and he also gave assurance that power supply in the country would improve when the private investors take over.

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