FG to open 110 bids for power plants Monday

The Director General, Bureau of Public Enterprises (BPE), Mr. Benjamin Dikki, yesterday said that the Federal Government will on Monday commence the opening and analysis of the 110 submissions that were received for 10 plants of the Integrated Power Projects (NIPP).

Speaking at Abuja after drawing the curtain for the submission process at the headquarters of the Niger Delta Power Holding Company (NDPHC), a firm that is jointly owned by the three tiers of government undertaking the projects, he confirmed that until the government opens the bids it will not be able to state the number of expression of interest it received for each plant.

Dikki, however, noted that details of the submissions will be made public in due course, especially when the organization has properly analyzed their contents.

He added that after the analysis, the bureau will move to the next stage of due diligence, packaging and submission of financial proposals.

He said: 'Opening of these submissions will commence on Monday. We will analyze the expressions of interest according to the individual plants. And before the end of the week when all the submissions have been opened and analyzed, we will announce the specific number of expressions of interest.

'Prior to 5.00pm deadline adopted as part of the Bureau of Public Enterprises (BPE) timeline for submission, bidders were still scampering to beat the project deadline.'

Following the BPE timeline, the NDPHC gate at Maitama was shut at 5.00pm as late bidders peeped into the company's premises to no avail.