Chris Okonkwo, the President of the association, who made the call at an interactive session on Sunday in Lagos, decried what he called the dwindling fortunes of the sector after the private sector took over on November 1, 2013
President Jonathan described the formal handing over as historic and a milestone in the country’s long journey from a government-owned and operated electricity sector to a private sector-driven industry
By close of transaction on Wednesday night, all Preferred Bidders had paid up, except the Enugu Distribution Company, while the preferred bidder for Sapele Power Station had made substantial part-payment
The Discos and Gencos are successor companies that were established after the unbundling of the Power Holding Company of Nigeria in line with the ongoing privatization of the nation's moribund power sector
Sambo urged the companies to honour the contract it signed with the Federal Government, noting that non-payment for government investment on power may affect the smooth operation of the sector as government is paying for gas and other components to enable the sector function
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