National Mirror News - 25 bidders meet deadline on power stations

[NairaPark]

Twenty-five potential investors, including Transcorp Plc, Nestoil and Danglobe Consortium, have met the Federal Government’s deadline for the purchase of the nation’s power generating stations.

The submission of bids by the revised July 17 deadline came just as a Canadian energy firm, Manitoba Hydro International, prepares to take over the running of the Transmission Company of Nigeria, TCN, with effect from today.

The take-over followed the terms of a management contract signed with the Bureau of Public Enterprises, BPE, to run the firm for three years in the first instance despite protests by workers.

Giving a breakdown of the bids for the generating companies, BPE spokesman, Mr. Chukwuma Nwokoh, said yesterday that nine investors bidded for Ughelli Power Plc while Sapele Power Plc attracted six bidders.

The BPE said in a statement that only one potential investor bidded for Shiroro Power Plc; Geregu Power Plc has four bidders; Afam Power Plc has three potential investors and Kainji Power Plc has two bidders.

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