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All posts tagged "distribution companies"

  • Power investors decry equipment vandalism

    Equipment vandalism, which has continued to plague power distribution in the country, is showing no sign of abating and experts have warned that new investors in the 10 distribution companies across the country are facing the challenge....

    • Posted September 23, 2013
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  • BPE, NERC discuss power firms’ transfer to investors

    Top officials of the Nigerian Electricity Regulatory Commission and the Bureau of Public Enterprises have met to work out modalities for the transfer of electricity companies carved out of the Power Holding Company of Nigeria to private...

    • Posted September 11, 2013
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  • No payment deadline extension – BPE tells power investors

    The Bureau of Public Enterprises has said it will not extend the Wednesday deadline for the payment of the outstanding 75 per cent of the bid prices for 15 successor companies of the Power Holding Company of...

    • Posted August 21, 2013
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  • Power privatisation threatened as bidders give FG conditions

    The ongoing privatisation of power sector is facing a threat as winners of the 11 distribution companies of the Power Holding Company of Nigeria PHCN, yesterday issued the Federal Government fresh conditions before completing the balance of...

    • Posted August 15, 2013
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  • Mass sack imminent, as new owners take over PHCN

    The sack of over 20,000 or 37 per cent of the estimated 54,000 workers of the Power Holding Company of Nigeria (PHCN) became imminent at the weekend, as the Federal Government insisted that it would hand over...

    • Posted August 14, 2013
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  • Privatisation: FG to earn $2.6b from sale of 15 power firms

    By the time the new core investors pay the balance for the 15 privatised Power Holding Company of Nigeria (PHCN) successor companies, the Federal Government’s coffer is expected to swell by $2.6 billion. Ambassador Nuhu Audu Bajoga,...

    • Posted July 13, 2013
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  • Nigeria makes $469m over PHCN sale

    Nigeria’s Bureau of Public Enterprise (BPE) said it had received the sum of 469,031,940.46 million dollars from preferred bidders for PHCN successor companies. This is contained in a statement issued by Mr Chigbo Anichebe, Head, Public Communication,...

    • Posted March 21, 2013
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  • Investors pay N73bn for PHCN successor firms

    ELEVEN bidders for the successor companies of Power Holding Company of Nigeria, PHCN, have paid $469, 031,940.46 (about N73,638,014,580 billion), representing the mandatory 25 percent of the offer of their bids. The deadline for the payment of...

    • Posted March 21, 2013
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