FG to review Discos’ performance in December 2019

The review of the performance of the electricity distribution companies carved out of the defunct Power Holding Company of Nigeria will take place before December 2019.

The Director-General, Bureau of Public Enterprises, Mr Alex Okoh, disclosed this in a statement made available in Abuja on Sunday. The review will determine whether the core investors have met some targets specified in the agreements signed with the companies.

Okoh said the five-year period stipulated in the performance agreements signed with the core investors in the distribution companies for the final review of their handling of the Discos would fall due on December 31, 2019.

Source: The Punch

 

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