PHCN

Ekiti: Why Senator Olujimi, Rep. Bamisile’s LGA has been in darkness for seven years

THE Ekiti East Local Government Area (LGA) of Ekiti State is among the areas that have not seen grid...

FG announces plan to sell 216 defunct PHCN asset

THE Nigeria Electricity Liability Management Company (NELMCO) has announced plans to sell 216 non-core assets of the defunct Power...
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Gbajabiamila blames successive governments over poor power supply, but fails to identify role played by institution he leads

FEMI Gbajabiamila, Nigeria's Speaker of the House of Representatives on Wednesday condemned the inability of successive governments to improve...

After acquiring $1.3bn DisCos, investors leave meter, transformer burdens to consumers

Six years ago, the Federal Government unbundled the power Holding Company of Nigerian (PHCN) and handed over 18 utility firms to private investors. Government raked in $2.5 billion (about N916.575bn) from the transaction involving six Generation Companies (GenCos) and 11 Distribution Companies
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N13.8 Billion Fraud: Dino Melaye Wants Manitoba Probed

Chairman of the Senate Committee on the Federal Capital Territory, Dino Melaye, wants the Economic and Financial Crimes Commission, EFCC, to probe Manitoba Hydro International Nigeria Limited for alleged abuse of Public Procurement Act and diversion of funds amounting to N13.8 billion.

BPP Denies Giving BPE Approval For N929 million PHCN Contract

By Samuel Malik The scandal involving the Power Holding Company of Nigeria, PHCN, has continued to worsen, with the Bureau of Public Enterprises,...
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