Under the ongoing privatisation of successor companies of the Power Holding Company of Nigeria (PHCN) by the Bureau of Public Enterprises (BPE), Interstate Electrics Ltd (Interstate) has emerged as the core investor for the acquisition of 60 per cent of the Federal Government of Nigeria’s equity interest in Enugu DISCO.
Interstate, a special purpose vehicle (SPV) created from a consortium comprising Chrome Consortium Energy Nigeria Ltd, Powerhouse International Ltd, and the Metropolitan Electricity Authority (MEA) of Thailand, is headed by its CEO Robert Dickerman, who will lead the company’s provision of the operations and management of Enugu DISCO.
Mr Dickerman, an American, is highly regarded as a renowned energy executive, a strategy, development and operations leader, and an effective communicator with outstanding relationships and contacts throughout the energy industry. With more than 30 years of executive-level experience in the industry, he has headed KPMG’s Global Energy Strategy Practice and has also managed energy companies in Asia, Europe, North America and the Caribbean. In addition, his industry experience includes executive positions in Edison Source, Sempra Energy Solutions, Marubeni Caribbean Power Holding, and recently Zenergy Capital, Inc.
According to Mr Dickerman: “Our transformation of Enugu DISCO into a world-class electricity distribution company will be anchored on three principles, namely integrity, customer service and performance.” He added that Interstate’s mission is to ensure effective and efficient service delivery for the benefit of customers within its area of coverage. He also expressed his excitement and privilege in leading the Interstate team and the opportunity of working with Metropolitan Electricity Authority of Thailand (MEA) – one of the most experienced firms in power distribution in the world.