- BPE affirms its commitment to ensuring the sustainability of the power sector.
- The pre-bid conference’s objective is to clarify the transaction document.
The Bureau of Public Enterprises (BPE) has pre-selected sixteen (16) companies for the privatisation of five National Integrated Power Projects (NIPPs). Mr Alex Okoh, Director-General of the bureau, made this known in a statement yesterday.
According to his statement, the five NIPPs selected are located at Geregu, Ajaokuta, Kogi State; Omotosho, in Ondo State; Olorunsogo, Ogun State; Calabar, Cross River State; and Benin-Ihovbor, Edo State. The 16 pre-qualified bidders were: Mota-Engil Nig, Amperion Power, Sifax Energy, Pacific Energy Company Ltd, Globeleq Africa Limited, Geoplex Drillteq Limited, Asfalizo Acquisition Ltd, Launderhill PJB, Lauderhill Tata, Unicorn Power Genco Ltd, Connaught Energy Services Ltd, ENL Consortium Ltd, Ardova Plc, Central Electric and Utilities Ltd, North-South Power Consortium and Quantum Megawatt Consortium.
Mr Okoh noted that the power sector remained a viable investment in the country, given the low per-capital megawatts recorded in Nigeria. He added that the interest shown by bidders and the opening up of the generation aspect of the power sector confirmed the vast opportunities in the sector and that the bureau and other relevant stakeholders were committed to making the sector very sustainable.
Okoh revealed that the objectives of the pre-bid conference were to address possible questions from the pre-qualified bidders regarding the transactions and provide clarity on some issues in the Transaction Documents as may be necessary. He also said that the Nigerian power sector provided a platform for potential investors to understand the process for privatisation of the NIPP power plants and to prepare their bid documents adequately.
The National Council on Privatisation (NCP) in April 2021 approved adopting a fast-track strategy for privatising the five NIPP Plants. CPCS Consortium would act as Technical Adviser (TA) for the 100% sale of the 5 NIPP Plants, in line with the policy of divesting government shares from thermal generating plants.