NCP declares bid winners for four power plants

Transcorp wins bid for Ughelli Power plant.

Transnational Corporation of Nigeria PLC, Transcorp /Wood Rock/Symbion/Medea consortium on Tuesday emerged the preferred bidder for Ughelli Power plant with an offer of $300million.

The consortium out bided Amperion Power Distribution Consortium, which offered $252million to emerge the reserve bidder and Feniks Electricity Consortium, which offered only $54million.

Chinese-Nigeria power consortium, consisting CMEC of China and Eurafric Energy of Nigeria was declared winner of Sapele Power plant with an offer of $201million over the $80million offer by the consortium of JBN-Nestoil Power Services Limited which was compelled to revise its bid to the reserve value of $106.5million to emerge the reserve bidder.

Amperion Power Distribution Limited, which was the sole bidder for Geregu Power plant, was declared the winner after its initial offer of $128.520million was revised to the reserve value of $132million.

Mainstream Energy Solutions Limited was granted the concession right to Kainji Power plant with an offer of $50.8million as fixed annual fees and $237.9million as Commencement fees.

Similarly, North-South Power Company Limited emerged the preferred bidder for Shiroro power plant with an offer of $111.7million as fixed annual fees and $236.02million as commencement fees.

Chairman, Technical Committee, National Council on Privatisation ,NCP, Atedo Peterside, said the bids for Afam Power Plant were not opened as all the three bidders that submitted bids failed to meet the requirement of 75 per cent pass mark set as part of the bid guidelines.

At the deadline for the submission of bids on July 17, the Bureau of Public Enterprises, BPE said it received 25 proposals from various pre-qualified bidders, including 22 for thermal power plants and three for hydro power plants.

After the bids were opened, two that had no commercial proposals were rejected in line with the rules contained in the Request for Proposal (RFP) issued to bidders.

From the remaining 23 bids, 10 failed the test of completeness and responsiveness, while eight of the other 13 bids met the minimum requirement of 75 per cent score to progress to the financial bid opening stage.

In line with bids guidelines, all winning bids are subject to confirmation by the NCP and approval by the President.


DOWNLOAD THE PREMIUM TIMES MOBILE APP

Now available on

  Premium Times Android mobile applicationPremium Times iOS mobile applicationPremium Times blackberry mobile applicationPremium Times windows mobile application

TEXT AD: To place a text-based advert here. Call Willie


All rights reserved. This material and any other material on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from PREMIUM TIMES.