Tuesday, October 16, 2012
Integrated Energy Takes Big Share In Split For Power Supply In Nigeria
In what has been hovering over the years and speculations about privatizing power supply long run by the state, former military junta, Abduksalami Abubakar, who is chairman of Integrated Energy, was on Tuesday, October 16, 2012, allocated four out of the ten power distribution companies Nigeria Privatization Council offered for sale to the highest bidder for 197.25 billion naira as part of plan to reform the country's collapsed power generating sector.
Integrated Energy is partnered with Manila Electric, the Philippines biggest power distribution company.
Following Abubakar's Integrated Energy is billionaire Emeka Offor's chaired Chrome Energy for power distributions in Abuja and Enugu. Others included: Aura Energy, Port Harcourt; and Sahelian Energy, Kano.
Abubakar's Integrated energy will be supplying power to Yola, Ibadan, Lagos (Eko) and Ikeja. The distribution companies will be responsible for delivering power to consumers to be regulated by government agencies.