Chairman, Presidential Task Force on Power, Beks Dagogo-Jack has
disclosed that the Federal Government would pay all outstanding
entitlements of PHCN workers before January 1st, 2014.
He made the disclosure whilst speaking at a Power Investors’ Summit
organised by the EnergyNet Ltd. in partnership with Nextier Capital in
Lagos.
He said, “We have an agreement with the PHCN workers unions and we
have almost completed the payment, but they will all be settled before
Jan.1, 2014 deadline.”
He explained that the FG had only done a formal handing over of power
assets to investors and that the physical hand over will take place in
December.
During now and December, Dagogo-Jack explained that there would be a
transition period in the management of the sector. He said it would
allow the investors to make any necessary adjustments.
In the transition setting, it gives you an opportunity to test where
you are heading to so that when you get there you cannot go wrong,” he
said.
The task force chairman said that most of the contracts in the power sector would be completed between now and December
“All the contracts will be put in place and other things will be tidied up within this period,” Dagogo-Jack said
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