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Showing posts with label re-capitalisation of. Show all posts
Showing posts with label re-capitalisation of. Show all posts

Thursday, 8 August 2019

Electricity: Senate supports reforms, re-capitalisation of DisCos



AgegePulse Magazine



 The Senate says it wants a robust power sector road map that will include the generation, transmission and distribution segments in a holistic picture on how to resolve power supply challenges.

The Managing Director/CEO, Mr. Usman Gur Mohammed, who disclosed this at a quarterly press conference in Abuja, said that was aimed at further expanding and stabilizing the grid.

A statement by TCN said the Senate also declared its support for the proposal to recapitalise the Distribution Companies (DisCos). It advised that the 40 per cent holding of the Federal Government as stipulated in the Power Privatisation Act 2005 might be more beneficial if it was sold to foreign investors with technical know-how.

DailyTrust