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Wednesday, November 21, 2012

Investors to take over power firms July 2013

PHCN-power-station-360x270
 
The preferred bidders for the country’s power generation and distribution firms are expected to take control of the companies between June and July next year, the Bureau of Public Enterprises has said.
The Acting Director, Electric Power Department, BPE, Mr. Ibrahim Babagana, said this on Wednesday at a workshop on the Nigerian capital markets, which was held in Lagos.
According to him, the BPE plans to start negotiations with the five preferred bidders for the generation companies and 10 for the distribution companies from the first week of December to January 2013, after which the process of transferring the companies to the bidders will commence proper
 

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