Nigeria’s privatization council invites three firms to bid for NITEL

The bidders were not named.

The National Council on Privatization, NCP, on Monday said it has invited three firms to bid for the Federal Government shares in the national telecommunications company, the Nigerian Telecommunication Limited, NITEL, and its mobile subsidiary, M-tel Plc, slated for guided liquidation.

The head, Public Communications of the Bureau of Public Enterprises, BPE, Chigbo Anichebe, who said this in a statement in Abuja, said the three firms were pre-qualified after they scored 75 per cent and above in their technical proposals submitted towards the acquisition of the company, whose privatization process was halted in 2011.

Mr. Anichebe said that following NCP’s approval of the privatization of NITEL/MTEL through a “Guided Liquidation” strategy, the request for Expressions of Interest, EOIs, by the BPE had attracted 35 responses from prospective investors at the deadline for submission of their applications on August 14, 2012.

Following the evaluation of the EOIs, he said eight consortia were pre-qualified to proceed to the next stage after scoring above the 60 percent threshold recommended to qualify for the issuance of the Requests for Proposal (RFP), while only five emerged prospective liquidators at the deadline for the submission of the Technical and Financial Proposals.

Mr. Anichebe neither named the three successful bidders, nor the schedule for the financial bids opening exercise.

Meanwhile, the BPE also announced the NCP approval of four pre-qualified bidders for Afam Power Plc and seven for Kaduna Distribution Plc.

The four pre-qualified bidders for Afam are Primeniza Energy Limited, Televeras Group, Foby Energy Limited and TES Power Limited, while the seven bidders for Kaduna Disco are Axis Power Distribution Limited, NAHCO Consortium, Incar Power Limited, Aiteo Consortium, LEDA Consortium, Northwest Power Limited, and Copperbelt Consortium.

The BPE said that the pre-qualified bidders would be invited to the financial bid opening stage after the submission of the required post-qualification security.

A total of nine bids were received last April for Afam Generation Company, GENCO, and 11 for Kaduna DISCO in accordance with the approved transaction timeline. This was after the evaluation of the bids on April 18 and 28, 2013 by two teams of eight evaluators, including representations from BPE, Nigerian Electricity Regulatory Commission, NERC, and Ministry of Power, to establish the completeness and substantial responsiveness of the proposals.

Of the nine proposals received for Afam, seven were considered complete and substantially responsive and were passed to the technical evaluation stage, while four emerged as the final pre-qualified bidders.

Similarly, out of the 11 proposals received for Kaduna, seven were deemed to be complete and substantially responsive and were passed to the technical evaluation stage.

He said the NCP has adopted the principle of continued due diligence on all the pre-qualified bidders, pointing out that any bidder found to have made representations that cannot be corroborated or create doubt about their financial/technical capability will be subject to disqualification.


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