BPE, NERC to probe $1.8bn 5-year investors’ commitment to Discos

bpe_board11 August 2014, Abuja – The federal government through two of its key agencies, the Bureau of Public Enterprises (BPE) and Nigerian Electricity Regulatory Commission (NERC) has said that it is ready to commence a forensic probe of the extent of financial commitments so far made by new owners of the various electricity distribution companies in the country.
It said that the expected forensic probe is in relation with the cumulative $1.8 billion financial commitment which the new owners of the distribution companies had made as part of  their five years business expansion plans for the networks during the power assets privatisation programme.
The government noted that the measure was necessary to ensure that the new owners were meeting up with their commitments in reality and not just on papers.



– This Day

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