Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,201,665 members, 7,979,264 topics. Date: Saturday, 19 October 2024 at 04:09 AM |
Nairaland Forum / Nairaland / General / Business / TCN To Manage N72bn Investment Funds For Discos (474 Views)
Ecobank Nigeria To Appeal Honeywell’s Purported N72bn Court Judgement / TCN To Probe National Grid Collapse / FG Orders TCN To Manage N72bn Planned Investment In Power Discos (2) (3) (4)
(1) (Reply)
TCN To Manage N72bn Investment Funds For Discos by Mediamerge: 9:32am On May 22, 2018 |
More details are emerging on the N72 billion financial facility plans by the Nigerian government from which the 11 electricity distribution companies would upgrade and expand their networks. The EnergyNewsTM team found out that the facility would be a shareholder loan that the Discos have been asked to match or convert to equity. This is because, in the Discos’ privatization terms, the government is a 40 percent shareholder while the core investors of the Discos own a 60 percent stake. For this reason, the government has indicated that the Transmission Company of Nigeria (TCN) would be the source of the facility as well as act as its manager. The Minister of Power, Works and Housing, Mr Babatunde Fashola, said: “the government plans to invest the sum on the Discos”. He also said that the financial facility would help the Discos expand their networks so that they will be able to supply stranded electricity from the generation companies (Gencos) to electricity consumers in the country. Read more...http://energyworthonline.com/2018/05/22/tcn-to-manage-n72bn-investment-funds-for-discos/ |
Re: TCN To Manage N72bn Investment Funds For Discos by lajuto: 9:37am On May 22, 2018 |
. |
(1) (Reply)
Another Scammer On The Loose: Re: Be Our Company Representative In Nigeria/afric / Scammer Alert, Dont Fall Victim / Null
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 6 |