The Federal Government has said distribution companies (Discos) in the country’s power sector have failed to meet the performance agreements signed by them during the privatisation of the sector in the country five years ago.

The verdict was declared by the Nigerian Electricity Regulatory Commission (NERC), Niger Delta Power Holding Company (NDPHC) and Bureau of Public Enterprises (BPE), insisting that power distributors had defaulted on several agreements since they took over the power assets on November 1, 2013.

The Chairman, Senate Committee on Power, Senator Enyinnaya Abaribe, has advised the nation’s service providers…

The Managing Director, NDPHC, Chiedu Ugbo, while speaking at the Nextier Power Dialogue in Abuja, said that while power generation had recorded a huge success since the sector was privatised, distribution had not been impressive.

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