The Federal Government Friday said it has concluded arrangements for the privatisation of five power plants including those in Ugheli, Sapele, Gereku, Kainji and the Shiroro.
Briefing State House correspondents after the meeting of the National Council on Privatisation (NCP) chaired by Vice President Namadi Sambo, a member of the council, Peterside Atedo said eight companies were successful in the bidding process and that the bidders attained the pass mark to qualify them for the financial bidding which will take place on September 25.
Phoenix Electricity, Transcorp and Ampiron Power Distribution Limited were listed as successful bidders who scaled the technical evaluation hurdles for the Ughelli Power Plant.
“For Ughelli Power Plant, we have the following bidders who attained the pass mark of 750: Phoenix Electricity, Transcorp, and Ampiron Power Distribution Limited. They are the ones that will proceed to the financial bid opening,” Mr Atedo said.
Two bidders scaled the hurdles for the Sapele Power Plant. They include; CMEC Energy and GPN Nestoil Power Services Limited.
The two bidders, he said attained the pass mark of 750 and above to qualify for the financial bid evaluation stage.
Ampiron Power Distribution Company also got approval to proceed to the financial bid evaluation stage for the Gereku Power Plant.
Furthermore, Mainstream Energy Solution Limited was announced as the preferred for the Kainji Power Plant, while Shiroro Power Plant has North South Power Company Limited as the preferred bidder to proceed to the financial bid stage.
“They will proceed to financial bid opening but they will have to make some submissions, including security before the financial bidding”.
The NCP said it will notify the successful companies on the requirement of what they have to put up as regards security before coming for the financial bid opening.
“Some of them may have to travel here and in accordance with the tradition of BPE and in the spirit of transparency, the financial bid opening will be televised,” Mr Atedo said.
Mr Atedo disclosed that among the criteria used to evaluate the firms include technical expertise and financial strength.
