THE Federal Government has announced its desire to boost sustainable electricity supply to about 75 percent of Nigeria’s total population within the next 13 years as it plans to have a combined supply capacity of 40,000 Mega watts by the said period.

THE World Petroleum Council (WPC) has announced its official endorsement of the Middle East Process Engineering Conference & Exhibition, MEPEC 2013, just as its President, Dr Renato Bertani, has accepted to join the MEPEC Advisory Committee.

The journey to the privatization of the 11 Distribution Companies created from the unbundling of the Power Holding Company of Nigeria, PHCN, a product of the defunct National Electric Power Authority, NEPA, started in December 2010 when the National Council on Privatisation, NCP, through its secretariat, the Bureau of Public Enterprises, BPE, advertised for Expressions of Interests by prospective investors willing to take up majority stakes in each of the companies.

Despite being informed about the unethical activities of some of their retail outlets, the franchise owners of AP, now, Forte Oil, Conoil and MRS, have done nothing with regard to their outlets selling petrol at N105/litre, rather than the approved N97/L.

Sequel to the rejection of the commercial bid results announced by the Bureau of Public Entreprises, BPE, for the Benin Electricity Distribution Company by four southern state governors, industry workers have described the sale of PHCN assets for about N200billion as the greatest disservice to Nigeria. They maintained that the assets are worth over N3trillion.