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Nairametrics

FG “Is Not Satisfied” With Their Performance and May Review Manitoba’s TCN Contract

Nairametrics by Nairametrics
October 13, 2014
in Uncategorized
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The Nigerian Electricity Regulatory Commission has stated that the Federal Government is not satisfied with the performance of Manitoba Hydro International, the Canadian firm contracted to manage the Transmission Company of Nigeri, and is poised to review the contract.

It also said that about10,000 megawatts of electricity were lying dormant despite the country’s poor state of power supply.

The NERC Chairman, Dr. Sam Amadi, who presented certificates to Fellows of the commission at a ceremony in Abuja on Saturday, stated that the Federal Government had commenced the performance review of Manitoba.

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He said, “We have to overcome the challenges and that is why in the first place, we got Manitoba Hydro International to manage the network. The question, therefore, is what is the assessment of Manitoba’s performance?

“I think right now, the Power ministry and the BPE that actually signed that contract are reviewing their (Manitoba) performance and that review will indicate whether there will be an extension of the contract, because the contract should last for three years, and after that there, can be a two-year extension.”

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Tags: News Review
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Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

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