Browsing: Manitoba Hydro International

The committee also queried why a foreign owned company, Manitoba Hydro-Electric International Co Limited, was awarded the management contract of TCN against its Nigerian subsidiary, Manitoba Hydro-Electric Nigeria Limited.

“The House was also concerned that the lofty goals of privatisation was marred by the sale of the sector to preferred bidders that could not pay the bid value on the sale, instead the BPE encouraged the deferment of payment and restructuring of payment terms in contravention of bidding rules to the disadvantage of other bidders.”