FG Vows To Resell DisCos With Banks, AMCON Within Three Months

Thisis a technical industry, and it must be run by technical experts.“ The minister emphasized the need to restructure the DisCos for improved efficiency, highlighting that the Ibadan DisCo ishugefor a single company to manage effectively.

During an oversight visit to the Ministry in Abuja, the Minister of Power, Adebayo Adelabu, informed the Senate Committee on Power that energy distribution assets are highly technical and shouldbe managedby technical experts.

“And all the DisCos that are still under AMCON and Banks, within the next three months, they must be sold to technical power operators with good reputations in utility management.

The minister mentioned that the ministry would urge the Nigerian Electricity Regulatory Commission (NERC) to revoke licenses of underperforming entities and potentially alter the management boards of the DisCos if deemed necessary.

In response to the decision to resell the DisCos, a committee member, Senator Isah Jibrin, accused some operators of stripping the assets of the DisCos they acquired in 2013..

Read Full Story