Skip to main content

25 investors bid for PHCN power generation coys


ABUJA — A total of 25 prospective investors have submitted technical and financial bids for the six electricity generation companies of the Power Holding Company of Nigeria, PHCN.
The Federal Government had set a revised timeline of August 17, 2012 as deadline for receipt of technical and financial bids from the potential investors.
The four thermal power generating companies slated for privatisation are: Ughelli Power Plc, situated in Delta area in South-South region of Nigeria with a total installed capacity of 972 MW;  Geregu Power Plc- situated in Kogi State in North Central Nigeria with a total installed capacity of 414 MW;
The others are: Afam Power Plc, comprising Afam I-V power stations located in Rivers State, South-South Nigeria with an installed capacity of 776 MW; Sapele Power Plc in Sapele, Delta State, South-South Nigeria with an installed capacity of 1020 MW.
There are equally two hydro power generating companies up for sale, namely: Kainji Power Plc comprising Kainji Power Plants and Jebba Power Plants located in Niger and Kwara States respectively in North-Central Nigeria and Shiroro Power Plc at the Shiroro Gorge, Niger State in North-Central Nigeria.
The next stage of the privatisation exercise, according to the spokesman of the BPE, Mr. Chukwuma Nwoko, will be the harvest of the bidders’ technical and financial proposals for distribution companies. It has July 31, 2012 as deadline.
The transaction timeline also reveals that the evaluation of the technical bids will take place between August 14 and 28, 2012. The National Council on Privatisation, NCP, will approve the results of the technical evaluation on/or before September 11, 2012.
The deadline for the shortlisted bidders for generation companies to submit their letters of credit is September 18, 2012 while October 2, 2012 is for shortlisted bidders for distribution companies.
The BPE will, between September 25, 2012 and October 10, 2012, open the financial bids of prospective investors for the privatisation of the successor companies.

Comments

Post a Comment

Popular posts from this blog

How My Daughter Seduced Me To Have Sex With Her – John Awah

“I became attracted to my daughter, when I saw her. And I told her I wanted to show her true love… Actually, she was the person that started it by always changing her cloths in front of me and this attracted me” – Says John Awah, who claimed that the multiple rounds of sex he had with his daughter was ‘consensual’ It sounds bizarre, untrue, and squeamish, but it’s the whole truth. Yes, it actually took place in Nigeria, Lagos, a city where everything seems possible. When Chinyere, 18, decided to leave her mother in Abia State and pay her father, John Awah, a visit in Lagos, she must have been longing for a tender loving care, which fathers give their children. But she surely did not bargain for what she eventually ended up with – steamy sex sessions with her father. Upon her arrival, her father was shocked to his bone marrow that his daughter who left him when she was a year old, had suddenly grown to a full girl, and he suddenly fell in love with her. Awah said: “I became attracted ...
57 comments
Read more

Former Super Eagles Coach, Stephen Keshi, Is Dead

One of the most iconic captains of the Nigerian national football team, the Super Eagles, and former coach of the team, Stephen Okechukwu Keshi, is dead, his family has announced. He was 54. Emmanuel Ado a brother to the late coach said the 54-year-old died of Cardiac arrest in the early hours of Today Wednesday, June 8. “With thanksgiving to God, the Ogbuenyi Fredrick Keshi family of Illah in Oshimili North Local Government Area of Delta State, announces the death of Mr. Stephen Okechukwu Chinedu Keshi,” Mr. Ado said in a statement. He continued “Our son, brother, father, father-in-law, brother-in-law, has gone to be with his wife of 35 years (Nkem ), Mrs. Kate Keshi, who passed on on the 9th December 2015. “Since her death, Keshi has been in mourning. He came back to Nigeria to be with her. He had planned to fly back today Wednesday, before he suffered a cardiac arrest. He has found rest.” Though deeply mourning the shock exit, Mr. Ado said the family remained grateful to God for th...
Post a Comment
Read more

Emmanuel Babayaro’s Séxcapade With Actress, Biola Ige, At Oriental Hotel

According to what Aproko247 reported; Emmanuel Babayaro may not be too popular like his other brother, Celestine Babayaro, a former player of Chelsea FC of England and ex-Nigerian international, but he is very popular with the entertainment industry where he is also a player. Emmanuel can also not be forgotten because of his role in the golden days of the Nigerian football where he was part of the team that won gold medal for Nigeria at the Atlanta 96 Olympics Games held in the United States of America where he was as a goalkeeper along with Dosu Joseph who manned the poles for Nigeria for most of the matches played. As a singer and actor himself, one cannot but agree that he is also a player in the entertainment industry even though he may not be a major player there. What one of our correspondents authoritatively got from sources within popular hotel in Lekki, Lagos, Oriental Hotel, which is thought to be owned by former Lagos State governor, Chief Bola Tinubu, is that Emmanuel and ...
Post a Comment
Read more