FG Hands Over Kano Electricity Company To Core Investor

Vice President Namadi Sambo on Friday challenged core investors in the power sector to transform it into a world class industry in terms of quality of service and customer satisfaction.

Sambo made the call in Kano in a message to the hand-over of the Kano Electricity Distribution Company to the core investor, Sahelian Power SPV Ltd.

Represented by Mr John Jegede, the Permanent Secretary, Ministry of Solid Minerals, the vice president said the Federal Government would not hesitate to sanction any investor found wanting.

``The Nigeria Electricity Regulatory Commission and the BPE will continually monitor the operations of the successor companies.

``It would not hesitate to sanction any core investor that does not deliver on the performance agreement that was executed with the government," Sambo said.

In his remark, Alhaji Umaru Mutallab, Chairman of Sahelian Power, assured the general public of the company's readiness to improve power distribution in the zone, which comprises Kano, Jigawa and Katsina States. (NAN)