By Jennifer Ugwueke
Alex Okoh, Director-General, Bureau of Public Enterprises (BPE), said the agency is looking at a suitable model to unbundle the Transmission Company of Nigeria (TCN).
He stated this on Thursday during a webinar tagged, ‘Financing Public-Private Partnership to Boost Infrastructure Delivery in Nigeria,’ chaired by Ahmed Zainab, Minister of Finance, Budget and National Planning.
“Currently, we are looking at various strategies at reforming TCN,” Okoh said.
“That’s the only segment of the power value chain yet to be reformed by BPE. We have privatised or reformed generation and the PHCN legacy on generation companies and downstream privatisation.”
The BPE Chief said the agency is considering unbundling TCN operation into components — operator and business sides
“These are the models we are looking at, in strong collaboration with the Minister of Power. The next stage is the unbundling of the system itself…on whether to unbundle along regional lines or business DisCo franchise area.
“Very soon, we will approach the council on privatisation on what best works.”
In her remarks, Zainab Ahmed said the government is ready and willing to dialogue and inculcate viable suggestions from stakeholders.
“The webinar is to hear directly from you (stakeholders) on what areas government can invest in and deliver value for money.
“President Buhari is committed to developing the Country’s infrastructure and urging local and foreign investors to invest in Bureau of Public Procurement projects in Nigeria.”