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Nairaland Forum / Nairaland / General / Investment / Emerging Problems In The Power Sector, Investors In Yola Disco Demand Refund (778 Views)
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Emerging Problems In The Power Sector, Investors In Yola Disco Demand Refund by adeakeem(m): 12:44pm On May 23, 2015 |
It is certainly not good times in the power sector. There are complains everywhere about poor power supply and now the investors who bought over Yola Disco to provide power in the four states in the Northeast has demanded for a refund from the federal government. Experts in the power industry see the request as critical and could portend ill for the much trumpeted successes of the power asset privatization executed by the outgoing administration of President Goodluck Jonathan. According to the report published by Daily Trust, The Integrated Energy Distribution and Marketing Company (IEDM), core investor in the Yola Electricity Distribution Company has applied to the federal government through the Bureau for Public Enterprise, BPE, for a refund of its invested funds. The company has invoked the force majeure clause in the contract agreement citing the activities of the Boko Haram militants as having collapsed its businesses in Borno, Yobe, Adamawa and Taraba States. dailytrust.com.ng/daily/index.php/top-stories/54947-bpe-okays-billions-for-power-discos |
Re: Emerging Problems In The Power Sector, Investors In Yola Disco Demand Refund by ucheheart(m): 1:24pm On May 23, 2015 |
When breeze blow, fowl nyash must open so expect more. |
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