DisCos Clarify “Misconception” of Force Majeure Declaration

Electricity002-420x280

The Electricity Distribution Companies (DisCos) yesterday explained that the notice they jointly sent to the Bureau of Public Enterprises (BPE) was not a declaration of force majeure, The Nation reports.

A statement endorsed by the Association of Nigerian Electricity Distributors (ANED) Executive Director, Research and Advocacy, Barr Sunday Oduntan issued in Abuja yesterday, described the notice as a standard commercial agreement.

According to the statement, the notice was based on the concerns that the DisCos that are already near bankruptcy, will further be tied to meeting the obligations of their performance agreement with BPE.

The statement which was a sort of rejoinder, said that the clarification followed the recent notice of force majeure that was submitted to BPE by the DisCos as a result of the eligible customer regulation by the Nigerian Electricity Regulatory Commission (NERC).

Source: Energy Mix Report

(Visited 25 times, 1 visits today)

Top
Powered by Nextier