9 Firms Jostle for Third-Party Evaluator Roles for GenCos, DisCos

To address the gaps in its 2013 power sector privatisation and to get operators of the seven power generation and 11 distribution companies (Gencos and Discos) to live up to expectation, the Bureau of Public Enterprises (BPE) on Tuesday advanced its plan to recruit independent evaluators to consistently monitor the operations of the Gencos and Discos, THISDAY reports.

The successful evaluators would sign an initial three-year contract with the BPE and will always report back to it to enable it advise the government well on the sector. The BPE stated at the opening of the financial bids submitted by nine companies shortlisted for the next stage of the exercise to pick evaluators for the Discos and Gencos in Abuja, that the exercise was initiated to sustain the goals of the power privatisation.

Its Director General, Mr. Alex Okoh, stated that the process of recruiting independent assessors for the power firms started in 2015 with over 32 Expressions of Interests (EoIs) received, and from which only nine made it to the next stages and were thus shortlisted for the final stage.

Source: Energy Mix Report