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49 Firms Jostle For 2 Power Distribution Plants

PHCN

49 firms jostle for Afam, Kaduna power distribution plants

The privatisation process for the Enugu Electricity Distribution Company may be truncated due to feud over 20 year-old pact between the government and a private firm. No fewer than 49 companies are jostling to acquire Afam Generating Plant and Kaduna Distribution company,

The Afam Power Plc and Kaduna Electricity Distribution Plc were among the 17 PHCN successor companies that were earlier advertised for sale in December 2010 and both, along with 15 others, went through full competitive tender process, which culminated in the submission of technical and financial proposals in July 2012.

However, none of the bids received for Afam Power Plc and Kaduna Electricity Distribution Plc scored the required minimum 75 per cent to progress to the financial bid stage.

The Acting Director General of the Bureau of Public Enterprises (BPE), Benjamin Ezra Dikki, on Monday, told the applicants that the privatisation body had zero tolerance for non-compliance with the terms of the Request for Proposals (RFP) for the transactions.

The development compelled the National Council on Privatisation (NCP) to order a re-run of the entire transaction.

 

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