Governor Chibuike Amaechi of Rivers State (middle) with former Minister of Education, Dr Oby Ezekwesili, and Director, Port Harcourt Book Festival, Mrs Koko Kalango, at the Port Harcourt Book Festival in Port Harcourt recently.

Following the Federal Government’s November 1, 2013 deadline for the final unbundling of Power Holding Company of Nigeria and handover of electricity generation and distribution in the country, new investor – companies will take over the affairs of the PHCN with effect from today.
Already, officials of the Ministry of Power, the taskforce on power reform and other stakeholders are expected at the handover ceremony to be performed on behalf of President Goodluck Jonathan by the Permanent Secretary in the Ministry, Dr. Godknows Igali.
The Port Harcourt Electricity Distribution Company will be handed over to a power consortium, which entered into partnership with nine investors that came together under a consortium agreement to bid for acquisition of 60% shares of the company.
A release issued in Port Harcourt and signed by the Administrative Secretary of 4 Power Consortium Limited, Mrs. Precious Nkem Wokocha, stated that the ceremony would hold at the head office complex of the PHEDC in Port Harcourt, today.
According to the statement, “ PHED is one of the eleven distribution companies (DISCOs) that were originally ‘unbundled’ from the Power Holding Company of Nigeria (PHCN)”. “The new company’s functions will continue to be distribution and marketing of electricity in Akwa Ibom, Bayelsa, Cross River and Rivers States in Nigeria’s South- South region”.
“As a private company, we shall breathe new life into PHEDC’s programme of investment and innovation, and this will enable us to become the most efficient and sustainable utility company in Nigeria. That means our customers can expect an increasing reliable power supply and also a far better service,” it added..
Managing Director of Income Electric Limited, one of the partners in the consortium, Mr Matthew Edevbie reiterated the company’s commitment to stimulating economic growth and improving electricity and service delivery in the region. He stated that, the new PHED “will foster a high performing culture that motivates employees to create value and make a difference in the lives of customers and in the communities they live and work.”
He disclosed that the new company’s core functions would continue to be distribution and marketing of electricity in Rivers,Akwa Ibom,Bayelsa and Cross River States in Nigeria’s South-South region.
Also, the Chairman of  the new core investors in the project, Sir Augustine Nwokacha said, “as a private company, it will breathe new life into PHED’s programme of investment and innovation, and this will enable us to become the most efficient and sustainable utility company in Nigeria,adding that customers can expect an increasingly reliable power supply and  far better services” .
Thousands of disengaged workers of the Power Holding Company of Nigeria, PHCN, have threatened a showdown with the Federal Government, following its plans to physically hand over the defunct company to new investors today. The reason for the showdown, according to some of the PHCN workers who spoke with our correspondents, is the delay in payment of severance benefits of about 35% of the workforce.
In some of the PHCN offices visited by our correspondent across the state yesterday, activities were paralysed while the workers were seen discussing their fate.
Policemen were deployed to some of the PHCN offices to forestall break down of law and order. Policemen were seen at Badia and Marina area offices of the PHCN.
Confirming the likelihood of showdown, PHCN Senior Manager, Public Affairs Ijora district, Ayiwe Peter said that they were not against the hand over, but that they wanted want the government to pay the workers before it handed over. Peter said should the government go ahead to hand over without paying the workers, the union will pull their members out and there would be total black out.
He advised Nigerians to prepare for alternative source of electricity so that they would not be caught up in darkness. Contrary to Bureau of Public Enterprise’s statement that at least 84 per cent of the workers had been paid off, while others would be paid between Wednesday and Thursday, the workers said banks had refused to honour the government’s directive to pay them.
They threatened that if their entitlements were not paid by the end of October, the entire workforce of PHCN in all the 36 states would embark on indefinite strike. They therefore appealed to government to ensure that all the agreements it signed with the workers were met to avert the strike.
“If not, how will they ask us to go and they will not pay us? This is sheer man’s inhumanity to man,” he said. The successor companies expected to be handed over to the new investors include Abuja Distribution Company (owned by KANN Consortium Utility), Benin Distribution Company (Vigeo Power Consortium), Eko Distribution Company (West Power & Gas), Enugu Distribution Company (Interstate Electrics Ltd) and Ibadan Distribution Company (Integrated Energy Distribution & Marketing Limited).
Others are: Ikeja Distribution Company (NEDC/KEPCO Consortium), Jos Distribution Company (Aura Energy Limited), Kano Distribution Company (Sahelian Power SPV Limited), Port Harcourt Distribution Company (4Power Consortium) and Yola Distribution Company (Integrated Energy Distribution & Marketing Limited).
The power generation companies expected to be handed over are Shiroro (owned by North-South Power Company), Kainji (Mainstream Energy Solutions Ltd), Geregu (Amperion Power Distribution) and Ughelli (Transcorp Ughelli Power Plc). Meanwhile, the Permanent Secretary, Ministry of Power, Godknows Igali, said last Wednesday that the Federal Government had disbursed N294.51 billion to the disengaged PHCN workers.
Igali made the disclosure to State House correspondents after a special preparatory meeting to strategise on the November 1 physical handover of PHCN successor companies to private investors.
The meeting was chaired by Vice President Namadi Sambo at the Presidential Villa.
Specifically, Igali said that N214.22 billion was paid as severance benefits directly to the beneficiaries’ personal accounts, while N80.29 billion was paid as gratuity to beneficiaries’ pension fund administrators. He said that out of the 47,913 PHCN members of staff who went through the severance process, 40.093 had been fully paid, leaving out 7,820.
From the 7,820 staff, Igali said that 605 were validated last Tuesday and would be paid before the end of the week. Igali said that the remaining beneficiaries yet to be validated for payment had one issue or the other in their data capturing and electronic payment processes. “Some members in Enugu Distribution Company, about 1,478 have their biometric capture corrupted by virus and a new consultant has been moved to Enugu to recapture them.
“Those workers would not be accommodated.
“Additional 929 other workers from all over the country also had their biometric data corrupted. “This is a usual thing that happens when you are dealing with such large numbers and we are bringing them to Abuja at the expense of government for their biometric data to be recaptured so that they can be paid their entitlement immediately.
“There were also duplications of various natures, names were duplicated and accounts were duplicated. “For example, there are cases where people have three names and while filling, they put only two names,” he said. Igali said there were cases of about 2,500 staff that were very bad, but still being handled by the committee.
The Director-General of the Bureau of Public Enterprises, Mr Benjamin Dikki, said that with the full take-over of the power plants by the private sector, electricity situation would gradually improve.