Core investors in the successor companies carved out of the Power Holding Company of Nigeria are expected to fully take over the electricity companies in October, the Director-General, Bureau of Public Enterprises, Mr. Benjamin Dikki, has said.
Dikki, who said this in a statement made available to our correspondent in Abuja on Tuesday by Head of Public Communications at the privatisation agency, Mr. Chigbo Anichebe, added that by then, the investors would have paid the balance of 75 per cent of the bid price for the respective companies since they had earlier made the mandatory 25 per cent payment.
He also gave assurance that power supply in the country would improve when the private investors take over.
The BPE boss expressed confidence that the introduction of sound maintenance culture would ensure that the current installed capacity of 6,000 megawatts was exploited and put on the national grid, stressing that this alone would stabilise power supply in the country.
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