NELMCO is a product of the Electricity Power Sector Reform Act 2005 (EPSRA), with a very specialized role to play, in ensuring the success of the Electricity Sector 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 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 by The National Council On Privatisation (NCP) within the Nigeria Electricity Supply Industry.