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CAVEAT EMPTOR: SALE, PURCHASE, TRANSFER, ALIENATION, RENT, LEASE AND ASSIGNMENT OF THE ASSETS : The general public is hereby invited to note that the Management of PHCN has no right to sell, assign, alienate, rent, lease or transfer any of the non-core Assets. Government has transferred to NELMCO all such non-core assets pursuant to Section 8 of the Electric Power Sector Reform Act, 2005 as gazetted by the Federal Government of Nigeria through its Government Notice No. 374 issued in its Official Gazette No.85 Vol.97 dated 20th August 2010 and effective 23rd September, 2010.
Following the successful completion of the privatization of PHCN

The Managing Director, Nigerian Electricity Liability Management Company (NELMCO), Mr. S. Agbogun, has decried the sale of meters to electricity consumers in Nigeria by the Power Holding Company of Nigeria (PHCN), saying such meters ought to be installed free.Read More
Nelmco Invitation call to PHCN Creditor: Pursuant to the implementation of the provisions of the Electricity Power Sector Reform Act, 2005, (EPSR), the attention of the general public and the creditors of PHCN inparticular is hereby drawn to the following very important announcement.Read More
NELMCO CAVEAT EMPTOR ADVERT TO THE PUBLIC: The general public is hereby invited to note that PHCN has no right to sell, assign, alienate, or transfer any Asset as transferred to NELMCO as contained in schedule A of the Transfer Instrument executed by the Shareholders of the PHCN effective 23rd September, 2011.Read More
PHCN PENSIONER'S BIOMETRIC EXERCISE: This is to notify all PHCN Pensioners that the National Council on Privatization (NCP) as approved the conduct of biometric verifications exercise for pensioners of PHCN. Following this, the Bureau of Public Enterprise (BPE) convened a stakeholder meeting on January 28th and 29th, 2013, where the National Union of Pensioners (NUP) - Electricity, PHCN, NELMCO and Creative HR were all present.
It was concluded in the meeting that the biometric exercise will be done between 4th - 9th March 2013.
Click here to download the program detail for the exercise and biometric form

The Bureau of Public Enterprises (BPE), the privatisation agency of the Federal Government, will hand over about N300 billion debts owed by the Power Holding Company of Nigeria (PHCN) to the National Electricity Liability Management Company (NELMCO), THISDAY has learnt.Read More




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