“I CAN tell you that PHCN has almost
ceased to exist now. Once the Transitional
Electricity Market is declared in a few
weeks time, that is the end of PHCN.
Functionally, it has ceased to exist, but
there must be a formal hand-over and
once that takes place, they will finally
cease to exist.”
In the above words, Minister of Power,
Prof. Chinedu Nebo, formally inaugurated
officials of the Electricity Management
Services Limited (EMS) to take over all
functions of the Power Holding Company
of Nigeria (PHCN) that were left after it was
unbundled into 18 successor companies.
Meanwhile, following the 21-day
extension given to it to pay up the balance
of $93 million for Enugu Electricity
Distribution Company (DISCO) PLC, the
preferred bidder, Interstate Electrics has
finally concluded payment, sources at the
National Council on Privatization (NCP)
have said.
The Guardian learnt from a source privy
to the meeting of the Technical Sub-
Committee of the NCP Tuesday that it
decided to hand the utility over to
Interstate following a submission from the
Bureau of Public Enterprises (BPE) that the
firm had paid up the last tranches of the
75% pending payment.
The Federal Government through the
Electricity Power Reform Act (EPSR) 2005
established PHCN (the initial holding
company) to take over the National Electric
Power Authority (NEPA), a wholly state-
owned enterprise responsible for
generation, transmission and distribution.
PHCN was subsequently unbundled into
eighteen successor companies and
officially meant to last only a few months
before giving way.
In addition to other functions, the new
body, Nebo said, would ensure strict
technical enforcement of regulations of the
Nigerian Electricity Regulatory Commission
(NERC). The minister stressed how the
new organization would provide the
needed services to drive, support and
sustain the emerging private sector-led
electricity industry.
Nebo stressed that the post-challenges of
the rapidly evolving private-led power
industry were critical, hence the need for
the EMS as a player to provide sector-wide
services.
He said: “ The EMS is therefore, to take
over the responsibilities of some non-core
professional and subsidiary services of the
defunct PHCN and its successor
companies. Its mandate includes providing
all needed ancillary and support services
to the Nigerian Electricity Supply Industry
(NESI). These services include engineering
laboratory, meter test stations, central
stores system, testing and certification of
major electrical power equipment. Other
activities will include providing the
platform for standardization in the
industry, arching the power sector data
and information management.
He told the 10-man management team:
“What this means is that your mandated
functions is to respond to the need for
sustenance and improvement of power
supply and service delivery. At the same
time, you must ensure quality and
standardization of materials, equipment
and machines used for electricity
generation, transmission and distribution
networks in Nigeria.
“We have come very close to the end of
PHCN. Basically, almost all of the staff
have been paid. What is left is
independent retirement benefit that is
going to be paid into their accounts. We
are actually ready to hand over and many
of the companies are willing to take over.
The only thing is that the Minister needs to
declare a transitional electricity market and
that will be done when all the conditions
precedent to that declaration have been
put in place.
“NERC will advise me when to do that,
and NERC is actually having a retreat now
to make sure that everything is in place,
and that all the details are fine-tuned
before the declaration of the transitional
electricity market. We need
standardization, we need standard and
EMS is going to enforce that, and whatever
regulation NERC has put in place, EMS is
going o make sure that technically, these
regulations are being realized.”
He stressed that the management team
had the task of repositioning EMS into a
technically and financially efficient,
sustainable and commercially viable
company.
Members of the team are: Engr. Peter
Ewesor (Managing Director/CEO), Engr.
Tukur M. Gidado (Executive Director,
Technical Services), Ms. Ikechi Clara
Nwosu (Executive Director, Human
Resources and Corporate Services),
Ambassador Ayuba J. Ngbako (Executive
Director, Commercial Services) and Funke
Sam-Stanford (General Manager, Legal
Services/Company Secretary).
Others are Oyinnemi Gbeworo (General
Manager, Finance & Accounts), E.O.
Adeniyi (GM, Procurement), Mr. Aneke
Uche (GM, Public Affairs), Tijani Baba (GM,
Audit) and Engr. Okwudili Ezegwa (GM,
Meter Test Station),
On its part, Interstate Electrics has
restated its plans to boost efficiency for
effective service delivery in the distribution
of power in South Eastern Nigeria. The
pledge followed its successful payment of
the balance of $94million required for the
takeover of the DISCO.
The company is jointly promoted by the
multi-billion dollar Chrome Consortium
Energy Nigeria Limited. Power House
International and the highly rated
Metropolitan Electricity Authority (MEA) of
Thailand.
Apart from MEA, its other partners are,
and Powerhouse International Limited.
They jointly parade a team of electricity
infrastructure engineers, owners/operators
of electricity power distribution companies,
upstream and downstream oil operators
and empowerment partners, with a
collective global experience of over 80
years.
One of the consortium’s technical
partners, MEA, has over 50 years
experience and is responsible for the
distribution and sale of electricity to users
in Bangkok and metropolitan vicinities,
including Nonthaburi and Samutprakarn
provinces. MEA’s distribution area covers
3,195 square kilometers divided into 14
districts with a population of about eight
million and energy sales of 44,714 GWH of
electricity, which is consistent with the
structure and capability the Enugu
Distribution company requires.
“We would begin operations with unique
private sector model that has high
efficiency and corporate governance
standards that would set the pace for
electricity distribution in Nigeria,”
Chairman of Power House International, Mr
Kester Enwereonu, said.
Accoding to him, MEA has high
efficiency and corporate governance
standards and a model that competes
effectively with private sector models
worldwide. He stressed that the
consortium would improve the company’s
network to deliver excellent service to its
customers, using their collective financial
muscles and high expertise. MEA
reportedly distributes electricity in the Thai
capital, Bangkok and environs and is
reputed to be one of the most efficient
developing world power distribution
companies with record technical and
commercial losses of below five percent
over the past eight years.
The DISCOs are the Abuja Electricity
Distribution Company Plc; Benin Electricity
Distribution Company Plc; Enugu Electricity
Distribution Company Plc and the Eko
Electricity Distribution Company Plc. Others
are the Ibadan Electricity Distribution
Company Plc; Ikeja Electricity Distribution
Company Plc; Jos Electricity Distribution
Company Plc; Kaduna Electricity
Distribution Company Plc; Kano Electricity
Distribution Company Plc; Port Harcourt
Electricity Distribution Company Plc; and
Yola Electricity Distribution Company Plc.
Official and private sector sources said
at that with the final payment for the
Enugu DISCO, “government is now
satisfied with the progress so far made”.
Chairman of BRESSON A.S. Energy, Mr.
Gbenga affirmed that the “milestones so
far achieved by the federal government in
reforming the power sector, especially as
reflected in the successful privatisation of
the electricity distribution (DISCOS) and
generating companies (GENCOS) are
laudable.”
Meanwhile, the confidence of
government in the ability of Interstate
Electrics to efficiently manage the Enugu
company is said have lately grown
following revelations that Interstates is the
only firm that has thus far attracted
offshore financing.
The offshore financing, sources said,
came from banks whose operations are
guided by “global best practices and strict
governance and monetary policies”, as a
reputable multi-national financing
organisations, a BPE source said
yesterday.
A source remarked: “And for the bank that
strictly operates in accordance with global
best practices to have granted the loan,
suggest that thorough checks would have
been carried out on the credibility and
capability of Chrome Group of Companies
of which Interstate is a subsidiary.”
A BPE source added that a recent visit by
the agency’s officials to one of Interstate
MEA was satisfactory, as doubts on their
electricity distribution prowess were
erased. Drawing from their foreign
partnership experience therefore, Interstate
is said to have developed the best
structure thus far.
The consortium incorporated as a vehicle
for the purpose of acquiring and operating
DISCOs in Nigeria emerged the preferred
bidder for the Enugu DISCO after a rigorous
bidding process in the sale of PHCN in
2012. It has an Aggregate Technical,
Commercial and Collection (ATC & C) loss
reduction proposal of 20.83%, which is far
above that of other competitors in the
bidding process.
source: http://www.ngrguardiannews.com/national-news/132462-ems-replaces-phcn-interstate-electrics-completes-payment-for-enugu-disco-

would ds development make ASUU cal off d strike

all that i cared for is that chapter of the Bible'let their be Light'

all these grammar on name change all we want is uninterrupted power supply,we dont care if its PHCN,NEPA or EMS.

Well,


















PHCN, this is your END.
EMS, this is your TIME.
Naija, I hope this is 24/7 light TINZ.

Austeenxx: Well,


















PHCN, this is your END.
EMS, this is your TIME.
Naija, I hope this is 24/7 light TINZ.

guy me set oooo.

How all dis long grammar take concern light for my bulb? Mcheeeww..