Sam-AmadiAhead of the proposed transfer of the privatised electricity firms to their new owners on October 1, the Nigerian Electricity Regulatory Commission was on Thursday set to meet with the core investors in the 15 power companies carved out of the Power Holding Company of Nigeria.

The Chairman, NERC, Dr. Sam Amadi, who disclosed this in a telephone interview with our correspondent in Abuja on Wednesday, also confirmed that the regulatory body had been meeting with the Bureau of Public Enterprises on the handover of the companies.

Amadi said the meeting with the prospective operators would focus on market rules, regulatory rules as well as tax issues.

He said, “We are not really concerned about the handover date. The BPE is dealing with that. We at NERC are concerned about what happens in this market after the private sector operators have taken over.

“The feedback we got from the core investors showed that they needed to be exposed to the market rules. So, we shall be taking them through the market rules, the regulatory rules as well as tax issues.”

Meanwhile, NERC has said that it has begun a mass enlightenment programme to prepare consumers across the country for what to expect from the power industry after the handover of the privatised firms to private sector operators.

A statement issued by the Head of Media, NERC, Maryam Abubakar, in Abuja on Wednesday, said the enlightenment programme commenced in Kaduna.

According to her, representatives of the commission in collaboration with business unit managers of the electricity firms and their employees met with electricity consumers under the umbrella of the Power Consumer Assembly in Kaduna.

Abubakar said, “Electricity consumers were urged to appreciate the ongoing power reform and to be optimistic on their expectations for uninterrupted power supply.


Information from Punch was used in this report.