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FG Denies Reports on Sale of Transmission Company

FG Denies Reports on Sale of Transmission Company

Transmission Company of Nigeria -TCN. The BPE Head of Public

The Bureau of Public Enterprises -BPE, has denied reports on the sale of the Transmission Company of Nigeria -TCN. The BPE Head of Public Communications, Chidi Ibeh, clarified a statement on Sunday in Abuja.

He had said: “The news is very false in all its ramifications. The story is just a mere fabrication by mischief makers aimed at creating room for one more needless strike by electricity workers. The actions of the Federal Government in the power sector are guided by well-articulated policy documents and extant legislations.”

The Federal Government approved the Nigerian Electric Power Policy document in 2001. This formed the basis for the enactment of the Nigerian Electricity Power Sector Reform Act -EPSRA, 2005.

The government additionally revealed a roadmap for the reform of the power sector in 2010. None of these documents had anticipated the privatization of the TCN.

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“This was why a Management Contract was put in place to reorganize and optimize TCN’s operations at the 2013 privatization exercise,’’ Ibeh had concluded.

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