The National Council on Privatisation, NCP, yesterday formally signed the Sale and Purchase Agreement with the preferred bidders for the 10 Distribution Companies (Discos) and five Generation Companies (Gencos) in line with the ongoing privatisation of the power sector.
With the signing of the agreement, the stage is now set for the handing over of the Discos and the Gencos to the preferred bidders following the down payment of 25 per cent of the share purchase price within 15 business days after signing and the payment of the outstanding 75 per cent within 90 working days after the signing.
The preferred bidders for the Discos as approved by the NCP are Kann Consortium for Abuja Distribution Company at $164m;
Vigeo Power Consortium for Benin at $129m; West Power & Gas for Eko at $135m; Interstate Electrics Limited for Enugu at $126m; Integrated Energy for Ibadan at $169m; NEDC/ KEPCO for Ikeja at $131m; Aura Energy Ltd for Jos at $82m; Sahelian Power SPV Ltd for Kano at $137m; 4Power Consortium for Port Harcourt at $124m and Integrated Energy Distribution and Marketing for Yola at $59m.
No comments:
Post a Comment