Nigeria: N12 Billion Power Contract - PHCN Heads for Court

Lagos — The tribunal constituted by the Nigerian Electricity Regulation Commission (NERC) was on Monday halted from further sitting on a petition brought by the Lagos State government against the Power Holding Company of Nigeria (PHCN) limited over a breach of Barge Power Purchase Agreement (BPPA), now estimated at N12billion.

The tribunal headed by Ransome Owan had earlier adjourned sitting to Monday January 26, 2009 after rejecting an application by the PHCN which urged the NERC to disqualify itself from hearing the case.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.