The on-going power sector privatization programme will receive a boost today Monday April 22, following the planned signing of critical transaction agreements between the federal government and the
private sector participants at a transaction signing summit at the Presidential Villa.
Various power sector transaction agreements covering gas, generation, transmission and distribution will be signed at the event which is expected to breathe a new lease of life into the on-going power sector privatization programme.
The transaction signing agreement will be between the federal government on one side; private investors' already in business and prospective ones as well as international and local financial institutions.
According to the Deputy Director/Head Press in the ministry of Power, Timothy Oyedeji, it is believed that this milestone event would further reinforce public confidence both locally and internationally in the federal government's power sector divestment programme.
The event comes as the power sector privatization process gradually draws close to being concluded, following the payment of 25 per cent of approved bid value for the various utilities by the bid winners, the deadline of which was March 21st.
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