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Privatisation: FG Confirms 21 Firms As Bidders For 10 Power Stations

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SAN FRANCISCO, September 18, (THEWILL) – The National Council for Privatisation (NCP) today approved twenty one (21) firms for the first round of bids in the planned auction of 10 Power Holding Distribution Companies (DISCOS).

The round has been slated for the Transcorp Hilton on October 10, 2012.

However, the NCP refused the bid of the two companies bidding for Kaduna Distribution Company, saying both were technically unqualified and granting the Bureau for Public Enterprise (BPE) the right to invite fresh bids from all prequalified bidders in accordance with Plan B of the privatisation of any unsold successor company.

The new invite is for fresh bids from all shortlisted bidders that paid the required $20,000 fee for the bid documents.

Vice President Namadi Sambo, Chairman Technical Committee, National Council on Privatization, Mr. Atedo Peterside, Mr. Darius Ishaku, the minister of state for power and Bolanle Onagoruwa, the director general of the Bureau for Public Enterprise (BPE), said all 10 discos will participate in the October bidding.

The firms and the Discos approved for the round are:

IBADAN Disco: Western Consortium, Integrated Energy Distribution and Marketing Company; and KEPCO/NEDC Consortium were approved.

ABUJA Disco: Kann Consortium Utility Company Limited and Interstate Electrics Limited.

ENUGU Disco: Rensmart Power Limited, Proglobal Power International Consortium, Interstate Electrics Limited and Eastern Electric Nigeria Limited.

EKO Disco: Oando Consortium, Integrated Energy Distribution and Marketing Limited, Sepco-Pacific Energy Consortium, Honeywell Energy Resources International Limited, Kepco/NEDC Consortium and West Power and Gas Limited.


IKEJA Disco: Oando Consortium, Amperion Power Distribution Company Limited, Honeywell Energy Resources International Limited, Integrated Energy Distribution and Marketing Limited, Vigeo Holdings, Gumco, African Corporation AFC &CESC, Kepco/NEDC Consortium, West Power and Gas and Rockson Engineering Limited.

PORT HARCOURT, YOLA, AND KANO Discos: Power Consortium and Rockson Engineering Limited, Integrated Energy Distribution and Marketing Company and Sahelian Power SPV Limited.

BENIN Disco: Southern Electricity Distribution Company, Rensmart Power Limited, Vigeo Power Consortium and Rockson Engineering Limited.

JOS Disco: Aura Energy Limited.
In a related development, the NCP said seven firms scaled the pre-qualification hurdle and are to tender financial bids for five power generation plants (GENCOS) as part of the on-going efforts to privatise the Power Holding Company of Nigeria (PHCN).

The financial bids will be formally opened on September 25, 2012, at Transcorp Hilton Hotel, Abuja.


The plants are Ughelli Power Plant, with Phoenix Electricity, Transcorp Consortium and Ampiron Power Distribution Limited emerging as preferred bidders.

Sapele power plant has CMEC Energy and GPN Nestoil Power Services Limited as preferred bidders.

Geregu Power plant has Amperion Power Distribution Limited as preferred bidder.

Kainji Plant: Mainstream Energy Solution Limited.
Shiroro Plant: North South Power Company Limited.
Afam Power Plant, Port Harcourt: No preferred bidder was announced, as government has not conducted a fresh exercise after it cancelled the previous process.

At a briefing in Abuja, Chairman Technical Committee, National Council on Privatization, Mr. Atedo Peterside flanked by Mr. Darius Ishaku, the minister of state for power and Bolanle Onagoruwa, said government was staying action on the bidders for the Afam Power Station — for which former Minister of Power, Professor Barth Nnaji resigned last month —but added that an announcement would be made soon.

Bart was reported to have admitted before the consideration of the report of the evaluation that O&M Solutions of Pakistan, a member of one of the consortia bidding for Afam, had worked as a contractor for Geometric Power, which he still has stakes in.

The consortium, in which O&M Solutions has a stake, is Skipper Nigeria Limited, which had submitted technical and financial bids for Afam on July 17, the deadline set by the Bureau of Public Enterprises (BPE) for the submission of bids for the Gencos.

Other companies that bid for Afam, a power plant in Rivers State with an installed capacity of 776mw, are Primeniza Energy Limited and NPG Consortium.

Bart was said to have admitted to the NCP that Geometric Power has a minority stake in Eastern Electric Nigeria Limited, which had submitted technical and financial bids for Enugu Distribution Company Limited on 31st July.

He reportedly notified President Jonathan of his company’s bid for Enugu Distribution Company, saying that although he has interest in Geometric Power, he had resigned from its board and transferred his shares to a blind trust.

Geometric Power, a pioneering independent power producer founded by Nnaji, built the 22mw Emergency Power Plant in Abuja and is in the process of completing the construction of an integrated power plant in Aba, Abia State.