Phcn latest news

Here are the latest news updates on PHCN (Power Holding Company of Nigeria):

Recent Developments:

  1. Privatization of PHCN: The Nigerian government has completed the privatization of PHCN, with 11 distribution companies and 6 generation companies sold to private investors. The privatization process was aimed at improving the efficiency and reliability of the power sector.
  2. Power Generation and Distribution: PHCN has been working to increase power generation and distribution across the country. In 2022, the company reported a significant increase in power generation, with an average of 4,000 megawatts (MW) generated daily.
  3. Grid Stability: PHCN has been working to improve grid stability, with the installation of new transmission lines and substations. The company has also implemented a grid management system to monitor and control the power grid.
  4. Customer Service: PHCN has been working to improve customer service, with the introduction of a new customer service platform and the establishment of customer service centers across the country.
  5. Tariff Hike: In 2022, PHCN increased electricity tariffs for residential and commercial customers, citing the need to recover costs and improve service delivery.

Recent News Articles:

  1. "PHCN Generates 4,000MW Daily, Says Minister" (Vanguard, March 2022)
  2. "PHCN Completes Privatization of Power Sector" (ThisDay, February 2022)
  3. "PHCN to Increase Power Generation by 50% in 2022" (Punch, January 2022)
  4. "PHCN Introduces New Customer Service Platform" (Daily Trust, December 2021)
  5. "PHCN Increases Electricity Tariffs for Residential and Commercial Customers" (Premium Times, November 2021)

Upcoming Events:

  1. PHCN Annual General Meeting: The PHCN Annual General Meeting is scheduled to take place in April 2023, where the company will review its performance and set goals for the next year.
  2. Power Sector Conference: The Power Sector Conference is scheduled to take place in June 2023, where industry stakeholders will discuss the latest developments and challenges in the power sector.

Please note that the information provided is subject to change and may not be up-to-date. For the latest news and updates on PHCN, I recommend checking the company's official website or reputable news sources.