FG To Finally Liquidate PHCN With Imminent Declaration Of TEM

FG to Finally Liquidate PHCN with Imminent Declaration of TEM

The federal government has said its final liquidation of the Power Holding Company of Nigeria (PHCN) will be achieved with its imminent declaration of the Transitional Electricity Market (TEM) in the next couple of weeks.

It said PHCN has functionally seized to exist, following the privatisation of its successor generation and distribution companies, but will finally go into extinction when TEM is declared based on the anticipated advice of the Nigerian Electricity Regulatory Commission (NERC).

Also, the Power Committees of the National Assembly have said they would invite the various preferred bidders of PHCN successor companies to a parley to discuss their plans on the expansion and sustenance of their acquired assets.

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Nigerians gave the name Never Expect Power Always to the acronym NEPA and Please Hold your Candle Nigerians to PHCN. Now that the name is being changed to TEM, please what should Nigerians call them.