Wya said that privatisation strategies for the PHCN successor companies have been approved by the National Council on Privatisation (NCP), hinting that the sale process will begin in the first quarter of 2011. Meanwhile, on the Transmission Company of Nigeria (TCN), the government is to award a 5-year management contract to an international operator to be brought in with the specific task of improving grid performance and thereafter transfer knowledge and skills to TCN management and staff. According to the ministry’s head of media and public relations, Greyne Anosike, the minister made these declarations when he received on Tuesday in his Abuja office a team of investors led by Peter Sharper of the Commonwealth Business Council.
Wya, renewing calls on the private sector to hasten efforts to ensure increased fuel supply and expand generation capacity of electricity supply in Nigeria, also said he expects the sector to take over the management of transmission of electricity in order to reduce the crippling inefficiencies of the distribution networks.
“It is with this goal in mind that the present administration last month published its roadmap for power sector reform and has commenced implementing a reform programme designed to incentivise private sector investment and pass the 17 generation and distribution companies into private ownership,” Wya said. The minister emphasised that government is determined to reinvigorate and drive to completion the reform process first enunciated in 2001 because “‘we now have the plans and the people able to deliver on this commitment”.
The minister regretted that after years of neglect, Nigeria’s electricity supply per capita remains one of the lowest in the world, far lower than many African countries, adding that the challenge in terms of the new or improved infrastructure and the government’s commitment to overcoming it should not be underestimated.
Read more : BusinessDay
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