Monday 30th September, 2013 witnessed the formal handover ceremony of the Share Certificates and Licenses to the new owners of PHCN successor power distribution companies by the President Dr. Goodluck Ebele Jonathan, at the Banquet Hall of the Presidential Villa, Abuja.
Interstate Electrics Limited, the company that was the core investor for the Enugu Distribution Company (DisCo) was formally presented the Share Certificate and Licence, alongside nine (9) others. Interstate was represented at the event by the Executive Vice Chairman of Chrome Group, Sir Emeka Offor, MD/CEO – Robert Dickerman and other top management staff.
Notable dignitaries from both the public and private sector who were present and spoke at the event included, the Vice President, Arc. Namadi Sambo, the Honourable Minister of Power, Prof. Chinedu O. Nebo, the Minister of Finance, Dr. (Mrs) Ngozi Okonjo-Iweala , the Minister of Petroleum, Mrs. Diezani Allison Madueke, the World Bank Country Representative, Marie Francoise Marie-Nelly.
The President in his address alluded to his pleasure at the historic event and wished that the takeover will transform the power sector for the good of Nigerians.