Electricity Distribution Companies, DISCOs, have petitioned the Bureau of Public Enterprises, BPE, seeking to return the privatized power assets to government over what they considered as undue interference in their operations.

The Director, Research and Advocacy, ANED, Mr. Sunday Oduntan, could not be reached, yesterday, for comments.

But the managing director of one of theDISCOs, who pleaded anonymity, said: “I am aware that the DISCOs have reported the situation to BPE. Many people and institutions have not been fair to the DISCOs.

“The privatization of the assets was based on an agreement to be kept by the DISCOs and the government, which still has 40 per cent interest in the companies.

“In looking into our operations, the first thing should be to find out the content or details of that agreement. The next thing should to look at the steps taken by all parties to comply.

“As far as we are concerned, the DISCOs have done a lot to comply with the terms of the agreement because without such compliance, the privatization would not work.

http://eandelmagazine.com/2020/09/11/electricity-uncertainty-as-discos-bid-to-pull-out/