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Nigerian Government Moves To Sell Power Generating Companies, Invites Bids - Politics - Nairaland

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Nigerian Government Moves To Sell Power Generating Companies, Invites Bids by dre11(m): 7:45pm On May 02
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.

The companies constructed under the NIPP are located in Edo, Kogi, Cross River, Ogun and Ondo states.

It was stated that the Board of Directors of the Niger Delta Power Holding Company (NDPHC) and the National Council on Privatisation had approved the sale of the companies but the amount expected from the sale was not stated.

The five power plants were identified as Geregu Generation Company Ltd with gross 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.

The document said, “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.”

The federal government had in November 2021 said it hoped to realise N434 billion from the sale of three power plants in Geregu, Omotosho and Calabar, which it said would shore up the Federation Account.

According to the breakdown at the time, Geregu power plant was billed to be sold for N140.7 billion; Omotosho Power Plant was to be sold for N151.4 billion while Calabar plant would be available for sale for N143.4 billion.

https://saharareporters.com/2021/05/02/nigerian-government-moves-sell-power-generating-companies-invites-bids

5 Likes 2 Shares

Re: Nigerian Government Moves To Sell Power Generating Companies, Invites Bids by SmartProf(m): 7:47pm On May 02
Having sold the country to terrorists and even paying these terrorists in form of ransom, there is nothing else in Naija that is unsellable.

100 Likes 4 Shares

Re: Nigerian Government Moves To Sell Power Generating Companies, Invites Bids by iammo(m): 7:50pm On May 02
If only they would sell it to capable investors and not Politicians looking for means of cashing out

43 Likes 1 Share

Re: Nigerian Government Moves To Sell Power Generating Companies, Invites Bids by HenryThegreat1(m): 7:54pm On May 02
Ok
Re: Nigerian Government Moves To Sell Power Generating Companies, Invites Bids by owobokiri(m): 7:55pm On May 02
Just like the Jonathan's administration, this one is about to sell off the countrys power infastructures to his favorite cronies!
None is interested in developing the sector in concrete terms. Just auctioning off basic structures to proxies at giveaway prices in the name of privatisation and commercialisation..
Crooks, all of them..

61 Likes 4 Shares

Re: Nigerian Government Moves To Sell Power Generating Companies, Invites Bids by longetivity(m): 8:05pm On May 02
Buhari will soon sell Nigeria

18 Likes 1 Share

Re: Nigerian Government Moves To Sell Power Generating Companies, Invites Bids by HealerH: 8:11pm On May 02
Don't let Dangote know.

8 Likes

Re: Nigerian Government Moves To Sell Power Generating Companies, Invites Bids by kenny714433(m): 8:22pm On May 02
Nigeria is sleeping on a bicycle.

Seun, what about us that don't like this new font?

8 Likes

Re: Nigerian Government Moves To Sell Power Generating Companies, Invites Bids by daddytime(m): 8:33pm On May 02
Why aren't they putting any of the Gencos in the north up for sale?

Of course, these ones will be couped up by the Northerners as usual.

We siddon dey look like Lukman

18 Likes 1 Share

Re: Nigerian Government Moves To Sell Power Generating Companies, Invites Bids by RuudVanNisteroy: 8:38pm On May 02
owobokiri:
Just like the Jonathan's administration, this one is about to sell off the countrys power infastructures to his favorite cronies!
None is interested in developing the sector in concrete terms. Just auctioning off basdic structures to proxies at giveaway prices in the name of privatisation and commercialisation..
Crooks, all of them..
Goodluck Jonathan sold PHCN assets to fantasically corrupt politicians and the clown that goes up and down the country forming peacemaker,former Head of State Abdusalami Abubakar that raided the Central Bank before he handed over to OBJ.

https://www.premiumtimesng.com/news/103832-abdusalams-company-wins-bid-for-four-phcn-successor-companies.html

8 Likes

Re: Nigerian Government Moves To Sell Power Generating Companies, Invites Bids by dikeigbo2(m): 8:43pm On May 02
may God never give me a child that will sale all i laboured in my youth.....rather let him give me One who will recover all that was taken from me.........as for this administration let them kukuma sale off this kwantry

25 Likes 1 Share

Re: Nigerian Government Moves To Sell Power Generating Companies, Invites Bids by otosa(m): 10:52pm On May 02
They should not forget to include National Assembly and Aso Rock

13 Likes

Re: Nigerian Government Moves To Sell Power Generating Companies, Invites Bids by choice17(m): 11:00pm On May 02
Confused Government!!
They should privatize NNPC first, is of no value to the ordinary citizen.

10 Likes 1 Share

Re: Nigerian Government Moves To Sell Power Generating Companies, Invites Bids by ijustdey: 10:13am On May 03
Cc Lalasticlala

Government wants to sell Nigeria to its cronies by proxy

1 Like

Re: Nigerian Government Moves To Sell Power Generating Companies, Invites Bids by BigDawsNet: 1:07pm On May 03
cheesy sell everything at once

Let individual receive their shares

2k for each nigerian grin.

7 Likes

Re: Nigerian Government Moves To Sell Power Generating Companies, Invites Bids by InaNla(f): 1:08pm On May 03
useless gonment of FRAUD!
Re: Nigerian Government Moves To Sell Power Generating Companies, Invites Bids by oluwasegun007(m): 1:08pm On May 03
To sell GENcos .....

Hmmmm
Re: Nigerian Government Moves To Sell Power Generating Companies, Invites Bids by Godblessbiafraa: 1:08pm On May 03
grin
Re: Nigerian Government Moves To Sell Power Generating Companies, Invites Bids by mbahdi(m): 1:08pm On May 03
Useless government.same tin atiku said he will do when elected.and you all bashed him.useless set of confused men

23 Likes 2 Shares

Re: Nigerian Government Moves To Sell Power Generating Companies, Invites Bids by Romanoff(f): 1:08pm On May 03
I wish our political campaigns will be like contract bids.

Let everyone submit proposals, let's see how they plan to achieve their goals and objectives.


If you say you will solve our power issues in 4 years, let's see how you hope to achieve it first before we vote for you.


We haff tire.

13 Likes 1 Share

Re: Nigerian Government Moves To Sell Power Generating Companies, Invites Bids by DWJOBScom(m): 1:08pm On May 03
I dont trust them
Watch as a group of people will head to the banks, get a loan , buy it , use it to incur loans and enrich themselves without caring for the firm and leave it penniless.
NITEL was successful thanks to Glo and MTN if not ask Aitel and Etisalat how far

12 Likes 1 Share

Re: Nigerian Government Moves To Sell Power Generating Companies, Invites Bids by INTEGRITYA1(m): 1:09pm On May 03
Okay
Re: Nigerian Government Moves To Sell Power Generating Companies, Invites Bids by InaNla(f): 1:09pm On May 03
longetivity:
Buhari will soon sell Nigeria


It seems nothing remaining to sell, too much blood on the remains.
Re: Nigerian Government Moves To Sell Power Generating Companies, Invites Bids by GeneralPula: 1:09pm On May 03
.
Re: Nigerian Government Moves To Sell Power Generating Companies, Invites Bids by janedonez(m): 1:09pm On May 03
Ok
Re: Nigerian Government Moves To Sell Power Generating Companies, Invites Bids by DMerciful(m): 1:09pm On May 03
This government has done nothing but copy the PDP govt but doing so woefully! Change indeed!

6 Likes

Re: Nigerian Government Moves To Sell Power Generating Companies, Invites Bids by Dbarrzx: 1:10pm On May 03
Another sellout to cronies
Re: Nigerian Government Moves To Sell Power Generating Companies, Invites Bids by Racoon(m): 1:10pm On May 03
Another cycle of corruption starts in the power/energy sector.

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