FG has not terminated Manitoba Hydro power contract - Jonathan

The hiring of Manitoba to manage the national power transmission network is seen by industry experts as a major step forward for the power sector reform process.
 
The President said the Federal Government has set up a committee to look at the agreement with a view to ensuring that it is in line with Public procurement law. He further disclosed that the Committee is expected to submit its report on Tuesday and that he will sign the contract immediately he receives the Committee's report.


It would be recalled that Manitoba had been selected by the National Council on Privatisation (NCP) to run TCN for three years, with the option to extend for another two years.
 
Manitoba had signed the management contract with the Bureau of Public Enterprises (BPE) last July.
 
But presidency sources said the president based his decision to review the contract on a memo sent by the Bureau of Public Procurement (BPP),been claiming that did the contract did not pass through due process as provided under the Public Procurement Act.
 
 
“It is better to correct these irregularities now to save the future of the management contract, than to have one that could run into hitches. Moreover, a stitch in time, saves nine,” Thisday newspaper quoted a Presidency official as saying.
 

Manitoba, which was founded in 1880, is reported to be a major supplier of electric power and natural gas in the province of Manitoba, Canada and presently operates 15 interconnected generating stations.
 
Beyond its Canadian shores, Manitoba has provided utility and asset management; consulting; and training solutions to over 70 countries worldwide. Reportedly, it provides its customers with some of the lowest electricity rates in North America.