FG shortlists 386 firms for sale of 10 power plants

FG shortlists 386 firms for sale of 10 power plants

• NCP invites prospective buyers for physical inspection

 

A total of 386 consortia have been shortlisted by the Federal Government as prospective buyers of its Alaoji and nine other plants under the National Integrated Power Project (NIPP).

The National Council on Privatisation, NCP, which manages the sale process, while announcing this, maintained that the process of privatising the plants is now in progress.

This, a Presidency source at the Presidency told Daily Independent on Wednesday, was a part of the outcome of the joint meeting of the Niger Delta Power Holding Company and the NCP, presided over by Vice President Namadi Sambo at the Presidential Villa.

Benue State Governor, Gabriel Suswam who is a member of the NCP, also confirmed the move, stressing that road shows would be organised locally and internationally to showcase potentials of the power plants. About 110 submissions were received from both local and international investors.

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“The joint evaluation committee which evaluated these interests passed 82 submissions amounting to about 386 expression of interest on various plants.

“We have about 46 consortia short-listed for Bariam power plant… we have 44 consortia which expressed interest and were short-listed for Benin.

“Forty two consortia were short-listed for Omotosho; 41 for Egbema; 41 for Omoku; 39 for Geregu; 37 for Calabar; 36 for Ogwurode; 30 for Olaoje; 30 for Oloronshogo, amounting to 386.

“The joint meeting considered the presentation which was made to them arising from the joint technical committee of the Niger Delta Power Holding Company.

“The presentation took place August 6, 2013 and approval was given on the prayers put forward as related to those who expressed interest,” he said.

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The governor said the next stage of the privatisation process is for the committee to send request for proposal to the 386 consortia, which would be invited for physical inspection.

Suswam gave the assurance that the process of the privatisation of the plants would be transparent.

Governors Emmanuel Uduaghan of Delta, Kayode Fayemi of Ekiti and Theodore Orji of Abia as well as representatives of the Bureau of Public Enterprises also attended the meeting.

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