All posts tagged "Power Privatization"

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  FG must encourage power reforms by honouring contracts – Sanusi

  Over the weekend the Central Bank of Nigeria (CBN) Governor, Sanusi Lamido Sanusi said the Federal Government have to respect and fulfill terms and conditions it agreed with the investors that won power sector bids, both the local and foreign...

  • Posted November 19, 2012
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  PHCN Workers Move To Disrupt Electricity Supply in the Country

  The union leaders of Power Holdings Company of Nigeria (PHCN) have begun to assemble its workers to disturb efforts by investors who want to take over the company.   This development was revealed by the President of...

  • Posted November 1, 2012
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  Nigeria Approves Siemens, Korea Electric Power Grid Bids

  Nigeria approved bids from companies including Siemens AG (SIE) and Korea Electric Power Corp. (KEP) for 10 state-owned power distribution companies, marking the end of a five-year privatization process. The successful bids were worth more than $1.3 billion, the Abuja-based National...

  • Posted October 31, 2012
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  Benin Disco: Southern Consortium Accuses BPE of Rigging, Denies Breaching Privatization Rules

  One of the competitors for the Benin Electricity Distribution Company (BEDC) , the Southern Electricity Distribution Company (SEDC) has denied claims that it violated the investment schedule guidelines for the Request for Proposals (RFPs) provided by the...

  • Posted October 25, 2012
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  NESG urges Governors not to politicise privatisation of power

  The Governors that lost out in the bid for the Benin Electricity Distribution Company (Discos) have been advised by The Nigerian Economic Summit Group (NESG) not to play politics with the privatization exercise.   The Chairman, Technical...

  • Posted October 23, 2012
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  Power Privatization: Labour, Governors Accuse FG, Privatization Council of Shady Dealings

    The Power Privatization exercise continues to draw criticisms from various corners with the latest controversy circling around the outcome of the bidding process. The Organized Labour under the aegis of the National Union of Electricity Employees (NUEE) have accused...

  • Posted October 22, 2012
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  Murky deals cast doubt over Nigeria’s power privatization

    For decades Nigeria has failed to fix chronic electricity shortages that stifle growth and help keep millions in poverty. That is about change, the government says, when most of the power sector is privatized by the...

  • Posted October 22, 2012
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  Privatization Council Postpones Meeting on DISCOs till September 18

  The National Council on Privatization (NCP) postponed the meeting for the shortlisting of preferred bidders for the 11 electricity distribution companies for a second time yesterday. The Council was unable to meet yesterday due to a high-level...

  • Posted September 14, 2012
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