FG THREATENS TO CANCEL LICENCES OF EIGHT DISTRIBUTION COMPANIES
Written by thereachfm on October 9, 2019
The Federal Government says it will cancel the licences of eight
power distribution companies as the Discos breached some
provisions of the Electric Power Sector Reform Act in July
Nigerian Electricity Regulatory Commission’s commissioner,
Dafe Akpeneye in a notice posted on its website said the power
firms have 60 days to explain why their licences should not be
Akpeneye said it intends to cancel licences issued to the Discos
in pursuant to Section 74 of the EPSR Act.
According to the Nigerian Electricity Regulatory Commission,
the eight power firms include Abuja, Benin, Enugu and Ikeja
Others are Kaduna, Kano, Port Harcourt and Yola Discos.