We are the stranded liability vehichle for a smooth transition into a new liberalized, productive and efficient power sector. To takeover the management and settlement of PHCN’s Power Purchase Agreement obligations and other legacy debts as may be determined by National Council On Privatisation within the Nigeria Electricity Supply Industry. To manage and supervise the management of contractual arrangements arising from the assumption of stranded liabilities of PHCN... Read More....Upcoming Events |
|
|
News Update |
|
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
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 |
|