General Abdulsalami Abubakar
Chika Amanze-Nwachuku and James Emejo
The National Council on Privatisation (NCP) will Tuesday open the commercial bids submitted by investors, including Oando Consortium, Honeywell Energy Resources International Limited, Integrated Energy Distribution and Marketing Limited as well as Vigeo Holdings, which were prequalified on September 18 to have their commercial bids opened for the 10 distribution companies (discos) slated for sale under the privatisation programme.
The 10 distribution assets were created from the unbundling of the Power Holding Company of Nigeria (PHCN) in 2006. However, the sale of one disco – Kaduna Distribution Company Limited – has been deferred as no bidder was prequalified to move on to the next stage of the bid process...
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