Nigeria: Help sought for power investors

nerc111 October 2013, Lagos – The National Electricity Regulatory Commission, NERC, has been implored to assist the Power Holding Company of Nigeria (PHCN) successor-companies to realise the objectives of the privatisation.

The Manager, Consultancy Services, Nigerian Society of Engineers, Dayo Olugboye gave the advice during a workshop for journalists on reporting contract monitoring processes organised by Media Rights Agenda in Lagos. He said some measures should be in place before the power assets are handed over to the investors.

Olugboye said NERC should set a benchmark for private investors to take over and manage the unbundled companies and ensure they operate within approved standards.

NERC, he said should reconfirm that the investors have the financial capacity to run the companies and the technical capacity to manage the different value chain of the power industry.

He said: “As a body that regulates the sector, NERC should set clear standards and make sure that the winning investors meet the standard and also monitor the fulfilment of the obligations by the investors once they take over the companies. The winning companies should prove that their personnel have the requisite capacity to perform the task as a company.

“Depending on the area where the companies would be working, they would have to show that they have competent engineers in their companies that have both the qualification and experience to manage the task that they have for them.”

– The Nation

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