Nigeria: PHCN - Preferred Bidders Get Certificates

22 April 2013

Successor companies of the Power Holding Company of Nigeria (PHCN), esterday, got their certificates after having successfully paid the statutory 25 per cent initial bid fee to commence the take-over of the companies at the occasion of the Presidential Power Reform Transaction Signing Ceremony (PPRTSC) in Abuja.

The event, which had President Goodluck Ebele Jonathan, the Vice President Namadi Sambo, and other industry captains in attendance was described by the Minister of Power, Prof Chinedu Nebo, as ground-breaking.

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