BPE, NDPHC approve sale of 5 generating plants in Nigeria
The Board of Directors, Niger Delta Power Holding Company (NDPHC) and the National Council on Privatisation have approved the sale of five generating companies in the country through a competitive bidding process.
The sale of the companies which are constructed under the National Integrated Power Project (NIPP), will be made through the Bureau of Public Enterprises (BPE), which handles the sale of public assets. The companies are located in Edo, Kogi, Cross River, Ogun and Ondo states.
As reported, the document signed by the Director-General of the BPE, Alex Okoh, and made available to the media called for bids for the 100 percent shareholding of the government in any of the five companies.
The five power plants were identified as Geregu Generation Company Ltd with gross installed capacity at ISO condition of 506 Megawatts (MW), Benin (Ihovbor) Generation Company Ltd with 507 MW, Calabar Generation Ltd with 634MW, Omotosho Generation Ltd with 513MW and Olorunsogo Generation Company Ltd with 754MW.
The Director-General, BPE, Mr. Alex Okoh, stated:“Each bidder must be an experienced power generation company that owns and/or operates utility size power plants.
“In case of a consortium, at least one of the consortium members must be an experienced power generation company (the “Technical Partner”). The technical partner shall be responsible for providing operation, maintenance and management services under a long term agreement.”
The document indicated that the sale was in continuation of the ongoing reforms of the Nigerian Electricity Supply Industry and was consistent with the Nigerian Electric Power Policy and Electric Power Sector Reform (EPSR) Act, 2005.
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