Only a little over a week ago, the Special Adviser to the President on Infrastructure, Mr Ahmad Rufai Zakari faulted the report of the World Bank on the state of the Nigerian Power Sector. Mr Zakari, speaking on behalf of the Federal Government (FG) had referred to the Power Sector Recovery Programme Opinion Research Fact Sheet released by the World Bank as inaccurate.
According to the report,
“78% of Nigerians have less than 12 hours daily access of power supply and up to 58% of electricity consumers are unmetered.” The vehement defence by the FG did not also do much to provide reliable data to debunk the World Bank’s numbers. This gaffe, added to the recent power supply statistics in the country make it difficult for the FG’s rejoinder to be believed.
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.
Authors: May 3, 2021 7:55 AM
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. An energy company, Mainstream Energy has revealed that 150MW of electricity is currently stranded in the Kainji, Jebba hydro power plants [nigeriaelectricityhub] Pulse Nigeria 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.
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.