The Bureau of Public Enterprises has clarified the issue of license renewal to Benin Electricity Distribution Company (BEDC), saying the disco’s operation license was still subsisting.
The agency made the clarification following days of mass protest against Benin Electricity Distribution Company (BEDC) by Edo Civil Society Organisation over constant epileptic power supply as well as to dissuade the federal government from renewing the operational license for BEDC.
The Director-General, Bureau of Public Enterprise (BPE) Mr. Alex Okoh who stated this in a press briefing in Benin city, capital of Edo State, stressed that the issue of licensing was handled by the Nigeria Electricity Regulation Commission (NERC).
He explained that there was an existing 15 years NERC license period for BEDC which was broken into 10 years plus five years, with an additional 10 years renewal option, maintaining that the federal government would not bend the rules that could jeopardise the smooth operations of companies it entered into an agreement with.
Source: THIS DAY