Brief about NELMCO
The Nigeria Electricity Liability Management Ltd/Gte (NELMCO), is a Special Purpose Entity (SPE) created by the Federal Government of Nigeria and saddled with the responsibility of managing the Liabilities and Non-Core Assets of the defunct Power Holding Company of Nigeria (PHCN).
NELMCO is a product of the Electricity Power Sector Reform Act 2005 (EPSR), with a very specialized role to play, in ensuring the success of the reform. NELMCO was incorporated on August 21st, 2006 as a limited liability company, under the Companies and Allied Matters Act (1990) (CAMA).
As one of the successor companies created under EPSRA and consistent with the directive of The National Council on Privatisation (NCP), NELMCO was designated to assume responsibility for all of the PHCN liabilities leading up to the November 1, 2013 handover of the companies, as well as the management of the non-core assets of the companies, prior to disposal of same.
We are the stranded liability vehicle for a smooth transition into a new liberalized, productive and efficient power sector, Our mandate is to takeover the management and settlement of PHCN’s Power Purchase Agreement obligations and other legacy debts as may be determined byThe National Council On Privatisation (NCP) within the Nigeria Electricity Supply Industry.
Recent Activities
NELMCO PREPARING FOR ISO 9001 2015 CERTIFICATION
NELMCO is in the process of initiating the Agency towards getting the ISO 9001 2015 Certification. Towards achieving this important goal, the MD and for other staff of the Agency attended the ISO 9001 2015 certification course in Kenya.
2021 BUDGET PERFORMANCE
The House of Representatives Committee on Power during the 2021 budget performance presentation adjudged NELMCO as the most stable and focused agency in the power sector.
Presidential Quarterly Business Forum
As part of efforts by the Federal Government to continually engage regularly with different segments of the Nigerian public on its economic policies and direction, the Presidency continued the Presidential Quarterly Business Forum with members of the Organised Private Sector, OPS and other stakeholders.
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The Managing Director/CEO
Mojoyinoluwa Dekalu-Thomas
Mission, Vision & Core Value
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