The Director-General, Bureau of Public Enterprises, Alex Okoh, says there are no ongoing processes, in terms of contract or license renewal for any of the distribution companies, including Benin Electricity Distribution Company.
In a press statement issued, the bureau also appealed to civil society groups, residents and all stakeholders in the BEDC franchise areas, to exercise restraint and allow the company perform its functions of electricity distribution without any hindrance.
Clarifying the difference between a performance agreement review and what was purported as a review of the operating license of the Disco, Mr. Okoh disclosed that the performance agreement stipulated the milestones that the core investors should achieve within a specified period.
He said the issue of licensing was a different matter and was being handled by the Nigerian Electricity Regulatory Commission.