The National Council on Privatisation (NCP)
under the chairmanship of the Vice President, Namadi Sambo on Monday
approved the bids for more electricity distribution companies (Discos)
and generation companies (Gencos) of the Power Holding Company of
Nigeria (PHCN).
The Council however disqualified the Southern Electricity distribution company for multiple bids for the Benin Disco.
Southern Electricity Company is jointly owned by the governments of Edo, Ekiti and Delta states.
The governors of these states had previously rejected the announcement of Vigeo Power Distribution as the successful bidder for the Benin Distribution Company by the Bureau of Public Enterprises (BPE) insisting that the bidding process was not free and fair to them.
However, announcing successful bidders on Monday, the Council said the approved bids for the generation companies include Amperion power Distribution Company limited which has a bid of US$132,000,000 and therefore is the preferred bidder for the core investor sale of 51% shares of Geregu power Plc; Mainstream energy solutions limited which offered an annual fee of US$50,760,665.18 and a commencement fee of US$257,000,000 is the preferred bidder for the concession of Kainji Hydro power Plc; North-south power ltd which offered an annual fee of US$23,602,484.87 and a commencement fee of US$111,654,534 is the preferred bidder for the concession of Shiroro hydro power Plc.
The privatization body also approved that Transcorp/Woodrock/Sumbion/Medea/PSL/Thomassen with a bid of US$300,000,000 is the preferred bidder for the core investor sale of 100% shares of Ughelli power plc while Amperion power distribution company limited with a bid of US$252,000,000 is the reserve bidder for the core investor sale of 100% shares of Ughelli power Plc.
The NCP also said CMEC/Eurafric energy; JV consortium with a bid of US$201,000,000 is the preferred bidder for the core investor sale of 100% shares of Sapele power Plc;
The NCP also approved that JBN-Nestoil power services Ltd with a bid of US$106,500,000 is the reserve bidder for the core investor sale of 100% shares of Sapele power Plc; and
Given that Amperion is the preferred bidder for Geregu power Plc, the NCP also approved that Feniks electricity limited would be the reserve bidder for Ughelli power Plc subject to their bid being revised to match the reserve price.
The NCP also approved preferred and reserve bidders for the following discos:
1) Abuja Distribution Company: Kann consortium utility company ltd as preferred bidder;
2) Benin Distribution Company: Vigeo power consortium as the preferred bidder;
3) Eko Distribution Company: West power & gas as the preferred bidder; Honeywell was approved as the reserve bidder;
4) Enugu Distribution Company: interstate electrics ltd as the preferred bidder; Eastern electric Nigeria ltd was approved as the reserve bidder;
5) Ibadan Distribution Company: integrated energy distribution & marketing ltd as the preferred bidder; NEDC/Kepco was approved as the reserve bidder;
6) Ikeja Distribution Company: new electricity distribution company NEDC/Kepco as the preferred bidder; Vigeo power consortium was approved as the reserve bidder;
7) Jos Distribution Company: Aura energy Ltd as the preferred bidder
Kano Distribution Company: Sahelian power SPV Ltd as the preferred bidder;
9) Port Harcourt Distribution Company: 4power consortium as the preferred bidder;
10) Yola Distribution Company: Integrated energy distribution & marketing ltd as the preferred bidder.
The NCP also approved the next steps for the conclusion of the privatization of the PHCN generation and distribution companies which according to the Chairman of the Technical Committee of the NCP will be a down payment of 15 percent of the purchase price.
The Council however disqualified the Southern Electricity distribution company for multiple bids for the Benin Disco.
Southern Electricity Company is jointly owned by the governments of Edo, Ekiti and Delta states.
The governors of these states had previously rejected the announcement of Vigeo Power Distribution as the successful bidder for the Benin Distribution Company by the Bureau of Public Enterprises (BPE) insisting that the bidding process was not free and fair to them.
However, announcing successful bidders on Monday, the Council said the approved bids for the generation companies include Amperion power Distribution Company limited which has a bid of US$132,000,000 and therefore is the preferred bidder for the core investor sale of 51% shares of Geregu power Plc; Mainstream energy solutions limited which offered an annual fee of US$50,760,665.18 and a commencement fee of US$257,000,000 is the preferred bidder for the concession of Kainji Hydro power Plc; North-south power ltd which offered an annual fee of US$23,602,484.87 and a commencement fee of US$111,654,534 is the preferred bidder for the concession of Shiroro hydro power Plc.
The privatization body also approved that Transcorp/Woodrock/Sumbion/Medea/PSL/Thomassen with a bid of US$300,000,000 is the preferred bidder for the core investor sale of 100% shares of Ughelli power plc while Amperion power distribution company limited with a bid of US$252,000,000 is the reserve bidder for the core investor sale of 100% shares of Ughelli power Plc.
The NCP also said CMEC/Eurafric energy; JV consortium with a bid of US$201,000,000 is the preferred bidder for the core investor sale of 100% shares of Sapele power Plc;
The NCP also approved that JBN-Nestoil power services Ltd with a bid of US$106,500,000 is the reserve bidder for the core investor sale of 100% shares of Sapele power Plc; and
Given that Amperion is the preferred bidder for Geregu power Plc, the NCP also approved that Feniks electricity limited would be the reserve bidder for Ughelli power Plc subject to their bid being revised to match the reserve price.
The NCP also approved preferred and reserve bidders for the following discos:
1) Abuja Distribution Company: Kann consortium utility company ltd as preferred bidder;
2) Benin Distribution Company: Vigeo power consortium as the preferred bidder;
3) Eko Distribution Company: West power & gas as the preferred bidder; Honeywell was approved as the reserve bidder;
4) Enugu Distribution Company: interstate electrics ltd as the preferred bidder; Eastern electric Nigeria ltd was approved as the reserve bidder;
5) Ibadan Distribution Company: integrated energy distribution & marketing ltd as the preferred bidder; NEDC/Kepco was approved as the reserve bidder;
6) Ikeja Distribution Company: new electricity distribution company NEDC/Kepco as the preferred bidder; Vigeo power consortium was approved as the reserve bidder;
7) Jos Distribution Company: Aura energy Ltd as the preferred bidder
Kano Distribution Company: Sahelian power SPV Ltd as the preferred bidder;9) Port Harcourt Distribution Company: 4power consortium as the preferred bidder;
10) Yola Distribution Company: Integrated energy distribution & marketing ltd as the preferred bidder.
The NCP also approved the next steps for the conclusion of the privatization of the PHCN generation and distribution companies which according to the Chairman of the Technical Committee of the NCP will be a down payment of 15 percent of the purchase price.
No comments:
Post a Comment