The Nigerian government has announced its decision to sell five power generating companies.
Constructed under the National Integrated Power Project (NIPP), the sale of the companies will done through the Bureau of Public Enterprises (BPE), which handles the sale of public assets.
A document signed by the Director-General of the BPE, Alex Okoh, and made available to the media called for bids for the 100 percent shareholding of the government in any of the five companies.
According to the News Agency of Nigeria, the development is part of ongoing reform in the Nigerian Electricity Supply Industry and in line with the Nigerian Electric Power Policy and Electric Power Sector Reform (EPSR) Act, 2005.
BPE offers 5 NIPP Gencos to investors
By Folasade Akpan
Abuja, May 2, 2021 The Bureau of Public Enterprises (BPE) has called on prospective investors to express interest in purchasing 100 per cent shareholding in any of the five power generation companies constructed under National Integrated Power Project (NIPP) listed for sale.
It said this in a document signed by the Director-General, Mr Alex Okoh, and made available to the media on Sunday.
The document said that it was in continuation of the ongoing reforms of the Nigerian Electricity Supply Industry and consistent with the Nigerian Electric Power Policy and Electric Power Sector Reform (EPSR) Act, 2005.
Good morning ☀️ ️ For the first quarter of 2021, Amazon posted revenues of $108.5 billion. That s a revenue increase of 44% from the same period last year. In today s edition:
Nigeria s selling its power generating plants
BitPesa’s parent firm raises $50m
TC Insights
Africa’s last untapped telecoms market
In November 2020, the Ethiopian Communications Authority (ECA) officially opened the gates to bids from telecoms companies looking to snag two licences Ethiopia is offering. Ethiopia’s telecoms sector is a monopoly with the state-run Ethiotel facing no competition.
But last year, it made the first step to change that with plans to sell two telecoms licences. There’s clearly a big opportunity in Ethiopia as it is largely regarded as one of the largest untapped telecom markets on the continent.
Geregu Generation Company Ltd installed capacity at ISO condition of 506 Megawatts (MW)
Benin (Ihovbor) Generation Company Ltd with 507 MW;
Calabar Generation Ltd with 634MW;
Omotosho Generation Ltd with 513MW; and
Olorunsogo Generation Company Ltd with 754MW.
What the DG of BPE is saying about NIPP asset sale
“Each bidder must be an experienced power generation company that owns and/or operates utility size power plants.
In case of a consortium, at least one of the consortium members must be an experienced power generation company (the “Technical Partner”).
The technical partner shall be responsible for providing operation, maintenance and management services under a long term agreement,” he said.
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