The Bureau of Public Enterprises (BPE) is set to list two electricity Distribution Companies (DisCos) and one generation company (GenCo) for the Initial Public Offer (IPO) in the Nigeria Stock Exchange market.
The Director General, Mr. Ayodeji Gbeleyi broke the news during media briefing in Abuja today.
He, however, refused to disclose the names of the companies for the purpose of corporate confidentiality, reports The Nation.
He also revealed that shareholders loan agreements were recently executed for 10 out of the 11 DisCos.
According to him, the disbursement of the loan would begin any moment soon.
Responding to the privatisation of five GenCos, he said the transaction has been kept in abeyance because of exchange rate volatility and other factors.
He said the GenCos have not keyed into the eligible customer regulation because of transmission challenges.
He said BPE is open to support any advice or policy that will stop the national refineries from financial leakages and bleeding.
Gbeleyi said the debate has gone beyond whether to privatize the refinery.
