No tags for this post.

BPE says DISCOs are technically insolvent

0 32

Get real time updates directly on you device, subscribe now.

The Bureau of Public Enterprises, BPE, yesterday, said most of the Distribution Companies, DISCOs, in Nigeria were technically insolvent.

Director-General of the bureau, Alex Okoh, made this revelation during an interactive session at the instance of House Committee on Power, with critical stakeholders in the Nigerian power sector, including Nigeria Bulk Electricity Trading Company, NBET; Electricity Distribution Companies, DISCOs, and Generation Companies, GENCOs.

The D-G in his submission, said there was need to immediately solve the challenges bordering on price structure and liquidity of DISCOs.

Source: Vanguard

No tags for this post.

Get real time updates directly on you device, subscribe now.

Leave A Reply

Your email address will not be published.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. AcceptRead More