Tag: Geregu Power Plc

PHCN Privatisation: FG Clears Preferred Bidders For Final Negotiation

| January 19, 2013 | 0 Comments
PHCN Privatisation: FG Clears Preferred Bidders For Final Negotiation

The Federal Government has cleared all the preferred bidders for the PHCN successor generation and distribution companies to enter the final negotiation stage on the sale of the electricity firms. Mr Benjamin Dikki , Acting Chairman, Bureau of Public Enterprises (BPE), stated this on Tuesday in Abuja at a meeting with the preferred bidders. “The […]

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PHCN Privatisation: FG Clears

| January 16, 2013 | 0 Comments
PHCN Privatisation: FG Clears

The Federal Government has cleared all the preferred bidders for the PHCN successor generation and distribution companies to enter the final negotiation stage on the sale of the electricity firms. Mr Benjamin Dikki , Acting Chairman, Bureau of Public Enterprises (BPE), stated this on Tuesday in Abuja at a meeting with the preferred bidders. “The […]

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PHCN Sale: Transcorp, Mainstream, Others Get FG’s Nod

| October 30, 2012 | 0 Comments
PHCN Sale: Transcorp, Mainstream, Others Get FG’s Nod

The Transcorp Consortium and Mainstream Energy Solutions Limited are among the companies that received the federal government’s approval to acquire the unbundled companies of the Power Holding Company of Nigeria (PHCN). The National Council on Privatisation (NCP) chaired by Vice President Namadi Sambo yesterday approved the sale of 60 per cent government interest in eight […]

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Power plant buyers named

| September 28, 2012 | 0 Comments

The Bureau of Public Enterprises (BPE) has announced the preferred bidders for five power generation plants as part of its plans to privatise Nigeria’s electricity sector. Making the announcement at a ceremony in Abuja, the BPE revealed that a consortium, which includes Transcorp, was the highest bidder for the Ughelli Power company, offering $300 million. […]

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Power Reform: 5 New GENCOs Emerge, Shell Out $982m

| September 28, 2012 | 0 Comments
Power Reform: 5 New GENCOs Emerge, Shell Out $982m

The federal government yesterday announced seven consortiums as the preferred and reserved bidders for the privatisation of the Power Holding Company of Nigeria (PHCN) successor generation companies (Gencos) in bids totalling $707.3 million. The government also reassured prospective core investors of its commitment to international best practices in the sale of the PHCN successor companies. […]

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Power Reform – Five New Gencos Emerge, Shell Out US$982 Million

| September 28, 2012 | 0 Comments

The federal government yesterday announced seven consortiums as the preferred and reserved bidders for the privatisation of the Power Holding Company of Nigeria (PHCN) successor generation companies (Gencos) in bids totalling $707.3 million. The government also reassured prospective core investors of its commitment to international best practices in the sale of the PHCN successor companies. […]

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