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Nigerian Government Moves To Sell Power Generating Companies, Invites Bids

Nigerian Government Moves To Sell Power Generating Companies, Invites Bids 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. by SaharaReporters, New York May 02, 2021 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.  Nigeria s President Muhammadu Buhari. 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. 

NDPHC to Boost Power Supply to Edo, Delta, Others

By Emmanuel Addeh The Niger Delta Power Holding Company (NDPHC) is set to boost power supply to Edo, Delta, Ondo and Ekiti, with the signing of an agreement with the Benin Electricity Distribution Company (BEDC) to deliver additional 250MW from the company’s stranded power. Speaking at the signing ceremony in Lagos, the Managing Director, NDPHC, Mr. Chiedu Ugbo, said the agreement took immediate effect, with the initial project areas being at Ihovbor, Edo State; Asaba, Delta State, Ondo South and parts of Ekiti State. A statement in Abuja by the Head, Communication and Public Relations of the organisation, Olufunke Nwankwo, noted that Ugbo disclosed that the process leading to the agreement commenced in 2020, with a strong commitment by both parties to the delivery of safe and reliable power to customers of the BEDC’s franchise area.

NDPHC, BEDC Sign Agreement on 250MW

NDPHC, BEDC Sign Agreement on 250MW
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NDPHC, Benin DisCo sign pact to supply 250MW unused power

In a statement by NDPHC spokesperson, Funke Nwankwo, the NDPHC boss, said the process started last year with both firms collaborating to deliver safe and reliable power to customers of the BEDC’s franchise area. “Today, we are glad that we gather here for the purpose of signing a framework agreement for this collaboration.” “For NDPHC, the project will enable us to deliver more 250MW of power to customers of BEDC’s franchise areas in Edo, Delta, Ondo, and neighbouring states. “For BEDC, the project will help BEDC to satisfy its customers with reliable power and achieve an enhancement of its network and infrastructure”.

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