Five bids produce winners in Nigerian generation game, but critics fear power could still corrupt
Issue 240
- 05 Oct 2012
| 5 minute read
Markets have welcomed the announcement that five groups have been selected to take over PHCN’s generation plants, and that distribution bids will be announced soon. But enthusiasm about Nigeria’s power privatisation programme is tempered by concerns over some of the shareholders, write Leo Lawal in Lagos and Jon Marks.
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