The Nation (Nigeria)
Fed Govt: no plans to privatise TCN
•As BPE transactions hits N1tr
THE Federal Government is not planning to privatise the Transmission Company of Nigeria (TCN).
The Bureau of Public Enterprises (BPE) Director of Energy, Mr. Yonana Malu made this known to reporters in Abuja yesterday.
The plan, according to him, is for the government to retain its ownership and concession a segment of the transmission. He added that the plan is to reform the entity through concessioning to make it more efficient.
TCN is for reform, he said, stressing: the “government is not thinking of privatising. It is thinking of ways and means that private capital can be brought to the transmission company without giving out the ownership of the transmission company.
“So, we are thinking of concessioning segments of the transmission area so that you can have somebody building the high tension line covering areas that have not been reached and maintain the existing ones to get maximum value...
“The idea is not to privatise. The idea is to reform and make it efficient, bring in private sector operational modalities within the transmission company”.