FG to Sell Yola Disco, Two Power Generation Plants

The federal government will re-sell the Yola Electricity Distribution Company (Disco), which was returned to it in 2015 by a core investor as a result of the Boko Haram insurgency, and two additional gas-fired power generation plants, THISDAY has learnt.

This development is coming as the electricity distribution companies in the country under the aegis of the Association of Nigerian Electricity Distributors (ANED) have again described as false the claim by the Minister of Power, Works and Housing, Mr. Babatunde Fashola, that the transmission capacity has increased from 5,000 Megawatts in 2015 to 7,124 MW in December 2017, representing a yearly increase of 1,062 MW in the transmission capacity.

The Discos also stated that adequate power supply will not be feasible until 2023 because of liquidity challenges facing the power sector.

THISDAY gathered from a document sighted at the Bureau of Public Enterprises (BPE) that the agency has received approval from the federal government through the National Council on Privatisation (NCP) to re-sell the Yola Disco through a competitive bidding process to be managed by the BPE.

THISDAY, July 25, 2018

 

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