FG Not in a Hurry to Privatise Transmission Segment – Fashola

280815F-Babatunde-Fashola

The Minister of Power, Works and Housing, Mr. Babatunde Fashola, said at a power forum held recently in Lagos that the government might not be in a hurry to privatise the Transmission Company of Nigeria (TCN) which has now reverted to its management after Manitoba’s four-year management contract of the TCN ended in July 2016.

He said; “Let me say that to the best of my knowledge, India, South Africa, Brazil, Mexico and China have privatised their power sector and none of them privatised all the three generation, transmission and distribution at the same time. Best practice has been to privatise two and leave one; and there is no rule about which one to privatise or leave.”

“That said, subject to what the Government-in-Council may decide, my personal view is that while we are in a transition of making the best of the privatisation of generation and distribution, it is sensible to wait for those sectors to stabilise, achieve efficiency and service delivery before even contemplating privatisation of transmission, if at all we are so disposed,” he added.

Source: Energy Mix

(Visited 48 times, 1 visits today)

Top
Powered by Nextier