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NEPA now PHCN (Power Holding Company of Nigeria) - Politics - Nairaland

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NEPA now PHCN (Power Holding Company of Nigeria) by Seun(m): 1:30pm On Apr 15, 2005
Formerly 'N[/b]ational [b]E[/b]lectric [b]P[/b]ower [b]A[/b]uthority'
Also known as: '[b]N[/b]ever [b]E[/b]xpect [b]P[/b]ower [b]A[/b]lways'
Now '[b]P[/b]ower [b]H[/b]olding [b]C[/b]ompany of [b]N[/b]igeria ([b]PHCN
)'

Allafrica:
[I]"The Bureau of Public Enterprises (BPE), yesterday named the Power Holding Company of Nigeria (PHCN), as the new government incorporated body that will take over all assets and liabilities of the National Electric Power Authority (NEPA), preparatory to the full privatisation of electricity generation and distribution in the country."[/I]

Does it really matter?
Re: NEPA now PHCN (Power Holding Company of Nigeria) by diakim(m): 2:12pm On Apr 15, 2005
No, it doesn't matter. A change of name does not necessarily means an improvement in perofrmance.

Remember the time the The Nigerian Police downed their former black uniform for the present one? They still remain the same inefficient and corrupt organisation. So, NEPA or PHCN still means the same organisation. What they really need to change is their modus operandi and not their name.
Re: NEPA now PHCN (Power Holding Company of Nigeria) by dominobaby(f): 5:10pm On Apr 15, 2005
The Electric Power Sector Act 2005, which the President signed into law last month focuses mainly on restructuring/unbundling of NEPA,......, creation of a regulatory body that will licence and regulate the generation, transmission, distribution and supply of electricity.In addition, the Act will provide for the determination of tariff.

I so wish that with the new Act, whether with a change of name or not(cos it does not matter), things really turn out to be a lot more better and enjoyable. There is so much corruption going on in there. Come to think of it, we pay exorbitant bills,(sometimes fixed monthly charges), for services not rendered, maintainance fees for meters are paid monthly, and when you meter is faulty, you are completely on your own!
Re: NEPA now PHCN (Power Holding Company of Nigeria) by whizkid(f): 10:14am On May 20, 2005
The deal is sealed, from the 1st of July, Nepa will be 'christained' Power holding company of Nigeria.
But guys, so what will happen when there is power outage and it is eventually restored, most of say 'up Nepa'; with the change of name what do we say? [b]'up Power holding'? or 'up PHCN'[/b]is going to be pretty tough adjusting, don't you think?
Re: NEPA now PHCN (Power Holding Company of Nigeria) by dominobaby(f): 12:49pm On May 20, 2005
Yes o, infact people will hardly recognise the name as being changed to PHCN, especially among the younger children who are more used to screaming UP NEPA!!!
Re: NEPA now PHCN (Power Holding Company of Nigeria) by Greatpeter(m): 1:45pm On May 20, 2005
I think it's not the change of name that is unique rather it is the re-organisation and privatisation that will bring about revolution. A new rebirth of Power generation in our nation and I believe if privatised improvement will be witnessed though it may be a bit expensive in the beginning but we will witness a new dawn of power generation and as time goes on the power of monopoly will be broken becos of private coys competition.
Re: NEPA now PHCN (Power Holding Company of Nigeria) by Greatpeter(m): 1:47pm On May 20, 2005
Lest I forget Power Holder will no longer hold our power ,I hope.
Re: NEPA now PHCN (Power Holding Company of Nigeria) by bala(m): 3:32pm On May 25, 2005
It is important to increase the generated power. The whole of Nigeria is now using less than 4000 megawatts, when we are supposed to have about 25,000 megawatts for the Nigerian consumption.

I dont know whether the new name company would be able to generate even 10,000 MW, so that Nigerians will know that they are using new company.
Re: NEPA now PHCN (Power Holding Company of Nigeria) by dominobaby(f): 1:17pm On May 26, 2005
bala:

I dont know whether the new name company would be able to generate even 10,000 MW, so that Nigerians will know that they are using new company
cool at least let there be an impact of the name change shey?
Re: NEPA now PHCN (Power Holding Company of Nigeria) by obong(m): 12:35am On Jun 13, 2005
Seun:

Formerly 'N[/b]ational [b]E[/b]lectric [b]P[/b]ower [b]A[/b]uthority'
Also known as: '[b]N[/b]ever [b]E[/b]xpect [b]P[/b]ower [b]A[/b]lways'
Now '[b]P[/b]ower [b]H[/b]olding [b]C[/b]ompany of [b]N[/b]igeria ([b]PHCN
)'

Allafrica:
[I]"The Bureau of Public Enterprises (BPE), yesterday named the Power Holding Company of Nigeria (PHCN), as the new government incorporated body that will take over all assets and liabilities of the National Electric Power Authority (NEPA), preparatory to the full privatisation of electricity generation and distribution in the country."[/I]

Does it really matter?

I think, and hope, the new change is also a change in structure as a step towards privitasation or liberlisaton of the industry
Re: NEPA now PHCN (Power Holding Company of Nigeria) by Greatpeter(m): 12:42pm On Jun 24, 2005
Don't be deceived by OBJ's changing of NEPA- National Electric Power Authority(Never Expect Power Always) name to (PHCN) Power Holding Company of Nigeria and go and sell your generator if you have one. Infact, it is nothing but a hoarse, a camouflage and ordinary change of nomencleature to deceive the easy trusting Nigerians.The true meaning of the new acronym by a reliable source in the power sector is (Problem Has Changed Name). So be Aware.
Re: NEPA now PHCN (Power Holding Company of Nigeria) by exago(m): 11:14pm On Jun 24, 2005
[move]The change in name means nothing if there is no change in the humans behind the name!!![/move]   rolleyes
Re: NEPA now PHCN (Power Holding Company of Nigeria) by obong(m): 2:23pm On Jun 26, 2005
I think the new name means Please hold Candle, Now.

But either way, its a good step, though I hope they dont totally make the energy secor private. Thats just an idea by the IMF that has never worked anywhere else in the world. They only try that in the 3rd world. Even in the uS where I live, the energy sector is heavily subsitidies and regulated byt he government.
Re: NEPA now PHCN (Power Holding Company of Nigeria) by joftech(m): 10:27am On Jul 28, 2005
This morning i received this offline from a friend.

Don't be deceived by OBJ's changing of NEPA- National Electric Power Authority(NEVER EXPECT POWER ALWAYS) name to (PHCN) Power Holding Company of Nigeria and go & sell ur gen. if u av one.Infact it is noting but a hoarse, a camouflage and ordinary change of nomencleature to deceive d easy trusting Nigerians. D true meaning of d new acronym by a reliable source in d power sector is (PROBLEM HAS CHANGED NAME).So be Aware.

Do you think the above statement is correct or not, share your opinion fast.
Re: NEPA now PHCN (Power Holding Company of Nigeria) by DEKING3(m): 2:20pm On Jul 28, 2005
I at least expected someone to congratulate the power sector first cheesy Anyways sha, action is what we need not a mere change of nomenclature.

But then, I wish them the very best and don't forget it's gonna be followed by mass retrenchment from the former NEPA as new hands would be brought in.
Re: NEPA now PHCN (Power Holding Company of Nigeria) by joftech(m): 3:11pm On Jul 28, 2005
We must all expect the same reform that happened in the telecom sector in the power sector too. At least we all can see what privatization of GSM has done to the country, am quite optimistic that the power sector won't be different too.
Re: NEPA now PHCN (Power Holding Company of Nigeria) by hotangel2(f): 6:59pm On Aug 03, 2005
why did they change NEPA's name? Weird. Besides they r all Fake. I'll still stand on the fact that, if there are private ownership of electricity in NIgeria, the rate at which there will be power supply for everyone will increase. WHen the electricy is handled by private ownerships, there will be competition for the best.
Re: NEPA now PHCN (Power Holding Company of Nigeria) by obong(m): 7:09pm On Aug 03, 2005
yes, but it shouldnt still be heavily regulated. even in the US, the private companies are not allowed to charge over a certain price
Re: NEPA now PHCN (Power Holding Company of Nigeria) by hotangel2(f): 7:10pm On Aug 03, 2005
Yeah i know...but at least they should still privatalize NEPA.
Re: NEPA now PHCN (Power Holding Company of Nigeria) by joftech(m): 9:16pm On Aug 03, 2005
Yeah i know...but at least they should still privatalize NEPA.

Is like you are not current with latest developement as regard the power sector in Nigeria.

PHCN is only a care-taking body, and they are the one to manage the technical and management of the defunt NEPA till when private companies come on board.

What they are doing now is to see that most of the equipments are in good shape so as to increase "dead NEPAs" monetary value to would be buyers. They will also see to the demobilization of current NEPA/PHCN staffs.

PHCN is not just a name change, it's just a care-taking body.
Re: NEPA now PHCN (Power Holding Company of Nigeria) by hotangel2(f): 3:29am On Aug 04, 2005
Stop speaking english.

I am saying that the whole ELECTRICYT in NIgerian shouldn't be handled by ONly the government. NEPA or PHCL or Watever.

Electricity companies should be many in NIgeria---private ones for that matter.
Re: NEPA now PHCN (Power Holding Company of Nigeria) by joftech(m): 7:51am On Aug 04, 2005
Electricity companies should be many in NIgeria---private ones for that matter

What the govt. want to do is to break NEPA/PHCN into various units (GenCo = Generation Company, TransCo = Transmission Companies, DisCo = Distribution Companies).

Each of these are divided according to the geo-political zones and private operators will take over the runnning of the various units.
Re: NEPA now PHCN (Power Holding Company of Nigeria) by DEKING3(m): 10:44am On Aug 04, 2005
How anyone thought of how easy it would be to actually privatise NEPA? The reason I'm saying this is that NEPA is more complicated than some of us know.

To make you understand better. Generating stations generate the power in megawatts and passed on to Transmitting station that carries out this massive energy to other states, cities etc and then finally to Distributing stations who now bring it to the end users.

If NEPA is to be privatised, can these stations be disengaged from each other?
Re: NEPA now PHCN (Power Holding Company of Nigeria) by joftech(m): 11:04am On Aug 04, 2005
If NEPA is to be privatised, can these stations be disengaged from each other

It's damn possible to separate them. NEPA problem is as a result of it unwieldy nature.

What the govt want to do now is to create Gencos, Transcos and Discos. The Gencos will see to the generation and maintenance of power from the power stations, the Transco will be responsible for the transmission of the generated power, i think the govt. is not privatizing the transmission though ( is stand to be corrected here), the Discos are the one that will make final delivery to end users.

So as a a Disco you can buy power from any Genco of your choice and resell to the end users.

This way i think the problem of a single company running a big entity like NEPA will be abolished.
Re: NEPA now PHCN (Power Holding Company of Nigeria) by DEKING3(m): 12:22pm On Aug 04, 2005
I just hope this works out fine but I bet you it's not gonna be as easy as the Telecoms sector.

Anyhow sha, I sure hope for the best.
Re: NEPA now PHCN (Power Holding Company of Nigeria) by hotangel2(f): 12:02am On Aug 05, 2005
joftech:

Electricity companies should be many in NIgeria---private ones for that matter

What the govt. want to do is to break NEPA/PHCN into various units (GenCo = Generation Company, TransCo = Transmission Companies, DisCo = Distribution Companies).

Each of these are divided according to the geo-political zones and private operators will take over the runnning of the various units.




You r still speaking english. I am saying The Electricity shouldn't be handled by the Government. NO Government at all.
Re: NEPA now PHCN (Power Holding Company of Nigeria) by joftech(m): 7:52am On Aug 05, 2005
You r still speaking english. I am saying The Electricity shouldn't be handled by the Government. NO Government at all.


FROM MY EARLIER POST:

Each of these are divided according to the geo-political zones and private operators will take over the runnning of the various units.
Re: NEPA now PHCN (Power Holding Company of Nigeria) by hotangel2(f): 7:56am On Aug 05, 2005
The private Operators, are being paided and owned by the government.

I am Talking about Allowing people that has nothing to do with government to handle the power supply.
Re: NEPA now PHCN (Power Holding Company of Nigeria) by joftech(m): 8:05am On Aug 05, 2005
It will be nice if you can mobilize the masses to form a consortium, there will be an IPO on the NSE.

This will really give POWER to the PEOPLE.
Re: NEPA now PHCN (Power Holding Company of Nigeria) by hotangel2(f): 8:10am On Aug 05, 2005
LOL. LOL. Why am i laughing you ask?? That made me laugh... why is the 'power' in bold? OMG i am cracking up.. lol. lol grin grin grin
Re: NEPA now PHCN (Power Holding Company of Nigeria) by hotangel2(f): 8:11am On Aug 05, 2005
Okay now back to my point, it'd be nice if they can have private people operate power supply. Seriously. When there are private owners/managments of electricity (power supply), there'll be competition for the best.
Re: NEPA now PHCN (Power Holding Company of Nigeria) by Chxta(m): 8:38am On Aug 05, 2005
A name change for the bleeding company doesn't make a difference at all. When they break the company up, then we can start talking...

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