Fed Govt: no plans to privatise TCN Oluwatomisin Amokeoja
The Federal Government is not planning to privatise the Transmission Company of Nigeria (TCN).
The Bureau of Public Enterprises (BPE) Director of Energy, Mr. Yonana Malu made this known to reporters in Abuja yesterday.
The plan, according to him, is for the government to retain its ownership and concession a segment of the transmission.
He added that the plan is to reform the entity through concessioning to make it more efficient.
TCN is for reform, he said, stressing: the “government is not thinking of privatising. It is thinking of ways and means that private capital can be brought to the transmission company without giving out the ownership of the transmission company.