Five firms on Tuesday emerged bid winners, offering a total sum of N107bn for five electricity generation companies.
The bid winners are Transnational Corporation of Nigeria (Plc), Amperion Consortium, CMEC/Eurafric Energy Consortium, Mainstream Energy Solutions Limited and North-South Power Company Limited.
At the financial bids’ opening conducted in Abuja by the National Council on Privatisation, Transcorp emerged the preferred bidder for the Ugheli thermal power plant with an offer of $300m to beat its closest rival, Amperion, which offered $252m.
Amperion Consortium, however, matched the reserve bid price of $132m for the 414 megawatts Geregu power plant, though it initially offered $128.52m as the sole bidder for the plant.
Other preferred bidders are; CMEC/Eurafric Energy Consortium for the Sapele thermal power plant, with an offer of $201m. Mainstream Energy Solutions Limited offered $50.76m for the Kainji hydro plant. While North-South Power Company Limited offered $23.6m annually for a 15-year concession for the Shiroro hydro power plant.
However, the bid for the Afam power plant was not opened as all the three bidders failed to meet the stipulated guidelines, according to the Chairman, Technical Committee, NCP, Mr. Atedo Peterside, who supervised the opening of the bids. (Story credit: Punch)
These terminologies and figures dey too confusing for my little head. Me no really care who buys NEPA abi na PHCN. All we ask for is steady power supply period.
