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PHCN: FG signs agreement with succession companies

PHCN: FG signs agreement with succession companies

ABUJA—Twenty four hours after President Goodluck Jonathan approved payment of N384billion for the settlement of outstanding benefits of Power Holdings Company of Nigeria, PHCN, staff, the Federal Government Thursday signed transaction and industry agreements with successor companies to PHCN, formally marking the final take off of reforms of the electricity generation and distribution industry.