The Federal Government has cleared all the preferred bidders for the PHCN successor generation and distribution companies to enter the final negotiation stage on the sale of the electricity firms.
Mr Benjamin Dikki , Acting Chairman, Bureau of Public Enterprises (BPE), stated this on Tuesday in Abuja at a meeting with the preferred bidders.
``The BPE can confirm that its bankers have verified all the bank guarantees provided by the preferred bidders.
``Thus all the bidders are qualified to enter this stage of the privatisation process which is the finalisation of negotiation between the Federal Government and the bidders,’’ he said.
The News Agency of Nigeria (NAN) recalls that in November the BPE announced that it received 335 million dollars from the bidders for both the generation and distribution firms.
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