WEST POWER AND GAS LIMITED AND OTHERS TAKES OVER PHCN

The Federal Government of Nigeria has successfully handed over the Eko Distribution Company, Marina, to its new owners and core investor, West Power and Gas Limited.
The ceremonies took place in 10 different venue simultaneously across the country where other PHCN facilities were handed over to core investor and new owner.
Performing the ceremonial hand over in Lagos today, the Chairman of the National Council on Privatisation, Vice President Namadi Sambo, represented by the Minister of Industry Trade and Investment, Olusegun Aganga., said that the Nigerian Electricity Regulatory Commission (NERC) Aand Bureau of Public Enterprises (BPE) would monitor the operation of the core investor to ensure they stick to the rules of the engagement.
He also expressed optimism that Nigerians will begin to reap the fruits of privatisation process.
According to a statement by the Head, Public Communication of BPE, Chigbo Anichebe, the successor company to be handed over and their new owner are Abuja Distribution Company (KANN Consortium Utility), Eko Distribution Company (West Power and Gas), Enugu Distribution Company ( Interstates Electric Limited) and Ibadan Distribution Company (Integrated Energy Distribution & Marketing Ltd)
Others are Ikeja Distribution Company (NED/KEPCO Consortium), Jos Distribution Company (Aura Energy Limited), Kano Distribution Company (Sahelian Power SPV Ltd), Port Harcourt Distribution Company (4Power Consortium), and Yola Distribution Company ( Integrated Energy Distribution & Marketing Ltd).
The Generation Companies are : Shiroro (North-South Power Company), Kainji (Mainstream Energy Solution Ltd), Geregu (Amperion Power Distribution), and Ugheli (Transcorp Ugheli Power Plc).