PHCN successor companies' bidders to emerge in October, says BPE

The Bureau for Public Enterprises (BPE) said at the weekend that preferred bidders for the 17 Power Holding Companies of Nigeria (PHCN) subsidiary companies would emerge latest October 23, 2012 when the National Council on Privatisation (NCP) is expected to announce the winners. 

The privatisation agency, which announced a list of 25 bidders that met the July 17, 2012 deadline for submission of technical and financial proposals for the privatisation of the generation companies, said nine of the potential investors are interested in Ughelli Power Plc; six for Sapele Power Plc; four for Geregu Power Plc; three Afam Power Plc, two Kainji Power Plc and one for Shiroro Power Plc.  

The bidders for the 972 mega-watts (MW)-capacity Ughelli Power Plc located in Delta state include Feniks Electricity, NPG Consortium, Delta Utility Company Limited, Transcorp & Woodrock/Symbion Power/Medea/PSL/ThomasenBotad/GE/13M Power Consortium, Danglobe Consortium, Amperion Power Distribution Company, Ethiope Energy and Taleveras Group.

Foby Energy, Proton Energy Consortium, Ogorode Power Limited, CMEC/Eurafric Energy Limited, Dateline Power and JBN/Nestoil Power Services Limited submitted bids for the 1,020 MW-capacity Sapele Power Plc in Delta state, while the four bidders for 414 MW-capacity Geregu Power Plc in Kogi State include Knox J & L Energy Solutions Limited, Plainfield Universal Technologies, TES Power Limited and Amperion Power Distribution Company Limited.

Primeniza Energy Limited, Skipper Nigeria Limited and NPG Consortium indicated interest in the 776 MW-capacity Afam Power Plc, comprising of Afam I-V power stations in Rivers State, while Marubeni Corporation and Mainstream Energy Solutions Limited are for Kainji Power Plc located in Niger state. North-South Power Company Limited is the sole bidder for Shiroro Power Plc located in Shiroro Gorge, Niger State.

BPE spokesman and Head, Public Communications, Chukwuma Nwoko, said potential bidders/concessionaires for the generating companies, who should be existing local and/or international power generators, or investors with power generators as long-term technical partners, would be responsible for operating the stations, improving the generation capacity and other investments in line with government objectives in the National Electric Power Policy (NEPP.)

According to Mr. Nwoko, the harvest of the bidders’ technical and financial proposals would be held on or before July 31, 2012 in the next stage of the privatisation process for distribution companies, while the evaluation of the technical bids is billed for 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,” he said, adding that  the deadline for the shortlisted bidders for generation companies to submit their letters of credit is September 18, 2012 and October 2, 2012 for distribution companies.

He said the NCP has already approved the opening of financial bids of the shortlisted investors for between September 25, 2012 and October 10, 2012, while the announcement of the preferred bidder for the 17 successor companies would take place latest on October 23, 2012.



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