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All posts tagged "power holding company of nigeria"

  • We’ve paid 70% of PHCN workers – FG

    The Federal Government on Wednesday said it had paid the severance benefits of over 70 per cent of the workers of the Power Holding Company of Nigeria as it worked towards concluding the privatisation of the power...

    • Posted August 30, 2013
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  • Severance package: FG begins payment of PHCN workers

    The Federal Government has commenced the payment of the severance packages of employees of the Power Holding Company of Nigeria in preparation for the conclusion of the privatisation of the power sector. Our correspondent gathered on Tuesday...

    • Posted August 8, 2013
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  • FG begins payment of PHCN workers’ severance package

    The Office Accountant General of the Federation (AGF) has commenced the payment of N34.585 billion to 3,938 staff of Power Holding Company of Nigeria (PHCN). The affected workers are those of Generation Companies (GENCO) and the PHCN...

    • Posted August 7, 2013
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  • Kaduna Electricity Company power projects to gulp N5.8billion

    The Kaduna Electricity Distribution Company will require N5.8 billion to complete 17 ongoing power projects in Kaduna, Sokoto, Zamfara and Kebbi States, the Managing Director, Alhaji Mohammed Idris, has said. Idris told the Minister of Power, Prof....

    • Posted June 9, 2013
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  • 10,000 megawatts to be generated by December – FG

    THE federal government, yesterday, disclosed that plans had been concluded to move from the present position of power generation of 4,500 to 10,000 megawatts by December. Speaking when she appeared before the Senate Committee on Power, Steel...

    • Posted May 23, 2013
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  • FG seeks $3.4billion foreign loan for power projects

    The Federal Government is looking beyond Nigerian banks to raise $3.4bn needed to fund power projects in the country because of high interest rates being charged on loans by local banks. The Chairman, Presidential Task Force on...

    • Posted April 23, 2013
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  • Electricity consumers to pay N50,000 for pre-paid metres

    From April 25 electricity consumers may pay between N25,000 and N50,000 for pre-paid metres for the single phase and three phase models, respectively,  under the new Credited Advance Pay for Metering Implementation, CAPMI, scheme. The price tag...

    • Posted April 15, 2013
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  • Labour warns buyers to keep off PHCN

    ORGANISED Labour in the power sector, yesterday in Lagos, advised the companies that won the bid for, and were said to have paid 25 percent on the privatisation of Power Holding Company of Nigeria, PHCN, to stay...

    • Posted April 9, 2013
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  • BPE offers to sell Omotosho Power Plant to CMEC-Pacific for N33.6bn

    The Bureau of Public Enterprises, BPE, has offered to sell the Omotosho power plant in Ondo State to CMEC-Pacific consortium. The sale transaction is through a debt-equity swap process that will see the major project financier taking...

    • Posted March 28, 2013
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  • N384b PHCN workers’ pay: No cause for alarm – FG

    The Federal Government,  yesterday, assured Power Holding Company of Nigeria workers that there was no cause for alarm over the payment of their severance benefits, as the implementation committee raised by the administration was still working on...

    • Posted March 9, 2013
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