By .
PHCN
• As NCP meets
ABOUT 25 bidders may be shortlisted from the
54 that submitted bids for the 11 distribution companies unbundled from
the Power Holding Company of Nigeria (PHCN), The Nation learnt.
The
announcement would follow the National Council on Privatisation (NCP)
meeting today to ratify the report of evaluation of the technical bids.
Among
the bidders are OANDO Consortium; Vigeo Power Consortium; Rockson
Engineering Company Limited; Gumco; Skipper Nigeria Limited; Interstate
Electrics Limited; Southern Electricity Distribution Company and Eastern
Electric Nigeria Limited.
Others
are Integrated Energy Distribution & Marketing Limited. Also
included are SEPCO-Pacific Energy Consortium; Electric Utilities
Nigeria; Honeywell Energy Resources International Limited; Western
Consortium; Vigeo Holdings, African Corporation AFC & CESC
Consortium; Masters Energy Oil & Gas Limited; and 4Power
Consortium.
The
25 bidders are those who scaled the requirements and standards set for
the evaluation of technical bids, which was concluded last week.
After
the ratification, the NCP, which is chaired by the Vice President,
Namadi Sambo, would announce the successful bidders at the presidential
villa, Abuja.
According
to the privatisation timeline from the Bureau of Public Enterprises
(BPE), the deadline for the shortlisted bidders for generation companies
to submit their letters of credit was September 18, 2012 while October
2, 2012 is the deadline for shortlisted bidders for distribution
companies.
Consequent
upon NCP’s approval of evaluation of technical bids, the BPE will open
the financial bids of the shortlisted investors. The BPE had said that
it will on September 25, 2012 open the financial bids of prospective
investors for the generating companies while October 10, 2012 is the
date for the opening of the financial bids for the distribution
companies.
The
announcement of the preferred bidders for the generating companies is
October 9, 2012 while October 23, 2012 is the date for the announcement
of the preferred bidders for the distribution companies, according to
the agency added.
The
11 distribution companies (Discos) up for sale include Abuja
Electricity Distribution Company Plc, Benin Electricity Distribution
Company Plc, Enugu Electricity Distribution Company Plc, Eko Electricity
Distribution Company Plc, Ibadan Electricity Distribution Company Plc,
Ikeja Electricity Distribution Company Plc, Jos Electricity Distribution
Company Plc, Kaduna Electricity Distribution Company Plc, Kano
Electricity Distribution Company Plc Port Harcourt Electricity
Distribution Company Plc, and Yola Electricity Distribution Company
Plc.
The
bidders for the power distribution assets include local and
international companies, while some are partnerships between local and
foreign firms. Some companies are privately owned while some are floated
by state governments or in partnership with state governments.
The
BPE had also noted that the prospective core investors, who must be
local and/or international power distributors or investors with power
distributors as technical partners, will be responsible for operating
the distribution companies, making the necessary investments to improve
the distribution network and customer service in line with the
objectives of the Federal Government.
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