Powering the economy

With a view to becoming a world-class manager of liabilities and stranded assets in a transitional electricity market, Nigeria Electricity Liability Management Ltd is powering ahead to create a clean and safe environment for investors in the sector.

Created by the National Council on Privatization to assume the Power Holding Company of Nigeria's liability and non-core assets during its privatization, NELMCO is a special-purpose entity with a clear mandate and timeframe.

The State-owned entity has been tasked with raising enough resources to settle the liabilities so that, rather than carry the burden, investors receive clean account statements and bill-free assets.