Monday, April 4, 2011

Nigeria: FG Sets up Committee to Wind Up PHCN

This Day
3 April 2011

Nigeria: FG Sets up Committee to Wind Up PHCN

From all indications, the days of Power Holding of Nigeria are numbered as the Federal Government has finally set up a committee to commence the winding up of the company in line with the Electric Power Sector Reform Act and the roadmap for the reform of the electricity sector.

Members of the committee, which has been given a few months to conclude its assignment, include the Ministry of Power, Presidential Task Force on Power, Bureau of Public Enterprise, Ministry of Finance Incorporated and the Nigeria Electricity Liability Management Company.

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