PHCN Replaced By Electricity Management Services (EMS) by theoctopus: 5:07am On Sep 11, 2013 |
“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. http://ngrguardiannews.com/national-news/132462-ems-replaces-phcn-interstate-ele 1 Like |
Re: PHCN Replaced By Electricity Management Services (EMS) by Buchianom(m): 5:37am On Sep 11, 2013 |
Transformation agenda on course!!! 1 Like |
Re: PHCN Replaced By Electricity Management Services (EMS) by PrinceIkye: 6:04am On Sep 11, 2013 |
All i say is
let there be light. 8 Likes |
Re: PHCN Replaced By Electricity Management Services (EMS) by Nobody: 6:31am On Sep 11, 2013 |
Who cares about what the government or the owner call their company? What we care about is electricity, electricity and more electricity. 3 Likes |
Re: PHCN Replaced By Electricity Management Services (EMS) by premlove(m): 6:32am On Sep 11, 2013 |
Ok oooo hope we see light at the end of the day |
Re: PHCN Replaced By Electricity Management Services (EMS) by Goddex: 6:36am On Sep 11, 2013 |
Well, I hope Prof Nebo doesn't disappoint the entire UNN community where he was Vice Chancellor. Those guys praised his appointment to high heavens. I remember how my elder sister who was his former student celebrated and swore to us that Nebo would surpass Nnaji. He is beginning to impress now sha - more like gradually finding his feet 4 Likes |
Re: PHCN Replaced By Electricity Management Services (EMS) by ochilikoko(m): 7:08am On Sep 11, 2013 |
prem love: Ok oooo hope we see light at the end of the day that is all i care for |
Re: PHCN Replaced By Electricity Management Services (EMS) by yimikaa: 7:21am On Sep 11, 2013 |
All we want is uninterrupted power supply,we dont care if its PHCN,NEPA or EMS 8 Likes |
Re: PHCN Replaced By Electricity Management Services (EMS) by dridowu: 8:13am On Sep 11, 2013 |
Same people, same orientation. The koko be say make we c light 4 24/7 |
Re: PHCN Replaced By Electricity Management Services (EMS) by Nobody: 8:17am On Sep 11, 2013 |
Let the competition begins. 1 Like |
Re: PHCN Replaced By Electricity Management Services (EMS) by IGBOSON1: 8:58am On Sep 11, 2013 |
Who are the consortia that've bought the other DISCOs.......anyone with a comprehensive list? All i know about is the Enugu and GEOMETRICs one! |
Re: PHCN Replaced By Electricity Management Services (EMS) by lonelydora: 9:19am On Sep 11, 2013 |
GEJ fresh Air. |
Re: PHCN Replaced By Electricity Management Services (EMS) by taharqa2: 11:29am On Sep 11, 2013 |
Good......abeg, let them be fast bout the handover already |
Re: PHCN Replaced By Electricity Management Services (EMS) by Nobody: 11:56am On Sep 11, 2013 |
Ok, what's the structural, administrative and managerial difference? Going back to read the post |
Re: PHCN Replaced By Electricity Management Services (EMS) by flawless911(m): 11:58am On Sep 11, 2013 |
UP NEPA!!! |
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Re: PHCN Replaced By Electricity Management Services (EMS) by moscobabs(m): 12:00pm On Sep 11, 2013 |
The same old wine in new bottle 3 Likes |
Re: PHCN Replaced By Electricity Management Services (EMS) by Nobody: 12:00pm On Sep 11, 2013 |
Dp 1 Like |
Re: PHCN Replaced By Electricity Management Services (EMS) by DonColz1(m): 12:00pm On Sep 11, 2013 |
From nepa.
To phcn.
Now ems.
By vision 2020 it would be UES (Uninterrupted electricity supply), 1 Like |
Re: PHCN Replaced By Electricity Management Services (EMS) by gbanikiti(m): 12:01pm On Sep 11, 2013 |
As if changing name will give me 24 hours electricity. Nonsense! 4 Likes |
Re: PHCN Replaced By Electricity Management Services (EMS) by Nobody: 12:01pm On Sep 11, 2013 |
UP EMS!! doesn't Sound sweet jare UP NEPA is sweeter 6 Likes |
Re: PHCN Replaced By Electricity Management Services (EMS) by Lilchilz(m): 12:01pm On Sep 11, 2013 |
its really makinq sence.....
ACN for 2015.....
Buhari na ur hand we day ooo for the betterment of this nation 2 Likes |
Re: PHCN Replaced By Electricity Management Services (EMS) by abduldope(m): 12:02pm On Sep 11, 2013 |
GOD pls let dem handover quick, cus we here in KUbwa we ar tired wit der useless TARIFf taX of payin 750 naira evry MoNtH....... PHCN ARe CRIMINALS!!!!! Cheating d LeSs privLaged here n Der.... Mtchwwww #EnDTIme-TINS# |
Re: PHCN Replaced By Electricity Management Services (EMS) by Kelklein(m): 12:04pm On Sep 11, 2013 |
ET... replacement! |
Re: PHCN Replaced By Electricity Management Services (EMS) by Emmy3(m): 12:05pm On Sep 11, 2013 |
. |
Re: PHCN Replaced By Electricity Management Services (EMS) by Isiterere(m): 12:06pm On Sep 11, 2013 |
NEPA _ never expect power always Dead and buried
PHCN _please hold candle at night
Dead about to be bury
EMS _Electricity Management Service
I hope this won't turn to Electricity must scarce
Make GEJ just do this one for us (is it too much to ask from a shoe-less president ? )
ALL IZZ WELL
12 Likes |
Re: PHCN Replaced By Electricity Management Services (EMS) by martowskin1(m): 12:06pm On Sep 11, 2013 |
Lil chilz: its really makinq sence.....
ACN for 2015.....
Buhari na ur hand we day ooo for the betterment of this nation Did u read the topic at all or u ar drunk with fanta? 6 Likes |
Re: PHCN Replaced By Electricity Management Services (EMS) by ecolime(m): 12:06pm On Sep 11, 2013 |
We all tired of these endless transformations. All we want is good services. I don't care whatever name they bear, so far there's light, then I am "good to go" |
Re: PHCN Replaced By Electricity Management Services (EMS) by Bantino(m): 12:08pm On Sep 11, 2013 |
Will this guarantee 24hrs, 7days a week, 365 days a year of un-interrupted power supply?? |
Re: PHCN Replaced By Electricity Management Services (EMS) by Goldenheart(m): 12:08pm On Sep 11, 2013 |
Okay |
Re: PHCN Replaced By Electricity Management Services (EMS) by mancheeutd(m): 12:08pm On Sep 11, 2013 |
Wat difference does it make mtew Nepa na Nepa 1 Like |
Re: PHCN Replaced By Electricity Management Services (EMS) by Kunduman: 12:09pm On Sep 11, 2013 |
Nawa....give us electricity and c hw productive we nigerians cn be frm our bed room. 3 Likes |