It is certainly not good times in the power sector.
There are complains everywhere about poor power
supply and now the investors who bought over Yola
Disco to provide power in the four states in the
Northeast has demanded for a refund from the
federal government.
Experts in the power industry see the request as
critical and could portend ill for the much trumpeted
successes of the power asset privatization executed
by the outgoing administration of President
Goodluck Jonathan.
According to the report published by Daily Trust, The
Integrated Energy Distribution and Marketing
Company (IEDM), core investor in the Yola Electricity
Distribution Company has applied to the federal
government through the Bureau for Public
Enterprise, BPE, for a refund of its invested funds.
The company has invoked the force majeure clause
in the contract agreement citing the activities of the
Boko Haram militants as having collapsed its
businesses in Borno, Yobe, Adamawa and Taraba
States.


dailytrust.com.ng/daily/index.php/top-stories/54947-bpe-okays-billions-for-power-discos

When breeze blow, fowl nyash must open so expect more.