Electricity: Nigeria set to sell 5 power stations to private investors
By Eyo Nsima
The Federal Government of Nigeria is set to sell five power plants to private investors.
Already, the Niger Delta Power Holding Company, NDPHC, and the National Council on Privatisation have approved the sale of five generating companies in the country through a competitive bidding process.
The Daily gathered that the Bureau of Public Enterprises, BPE, has called on prospective investors to express interest in purchasing 100 percent shareholding.
The five power generation companies constructed under the National Integrated Power Project, NIPP, listed for sale are located in Kogi, Edo, Cross River, Ondo, and Ogun.
Specifically, the five generation plants include Geregu Generation Company Ltd with an installed capacity of 506 Megawatts (MW) and Benin (Ihovbor) Generation Company Ltd with 507 MW.
Others are Calabar Generation Limited with 634MW, Omotosho Generation Limited with 513MW and Olorunsogo Generation Company Limited with 754MW.
Prospective investors are expected to submit separate Expressions of Interest, EoI, for each generation company.
The Director-General, BPE, Mr. Alex Okoh, said: “Each bidder must be an experienced power generation company that owns and/or operates utility size power plants. In the case of a consortium, at least one of the consortium members must be an experienced power generation company. The technical partner shall be responsible for providing operation, maintenance, and management services under a long-term agreement. BPE had during its 2021 budget defense at the National Assembly, disclosed plans by the Federal Government to sell some generation companies.”
