News
No Plan To Sell TCN- F.G
The Federal Government has debunked reports that it has plans to sell the Transmission Company of Nigeria (TCN).
The Bureau of Public Enterprises (BPE) in a statement, said news of the proposed sale of the company was completely false in all ramifications.
“The story is a mere fabrication by mischief makers aimed at creating room for another needless strike by electricity workers. The actions of the Federal Government in the power sector are guided by well-articulated policy documents and extant legislations’’.
BPE said the federal government had approved the Nigerian Electric Power Policy document in 2001 which led to the enactment of the Nigerian Electricity Power Sector Reform Act (EPSRA) 2005, and roadmap for the reform of the power sector in 2010, and the government had not changed the policy or amended the EPSRA as it relates to the TCN.
“None of these documents envisaged the privatisation of the TCN. This was why a Management Contract was put in place to reorganise and optimise TCN’s operations during the 2013 privatisation exercise,’’ the statement added.