AS the deadline for preferred bidders for Power Holding Company of Nigeria (PHCN) successor companies to make the mandatory 25 per cent payment of the offer value of their bids ends Thursday, the Bureau of Public Enterprises (BPE) has received $469.03 million (N74.1 billion) from 11 of them for 12 of such firms.
The BPE listed the bidders that paid Wednesday to include Vigeo Consortium, the preferred bidder for Benin Distribution Company, which paid $32.25 million, being the mandatory 25 per cent of the bid value of the Benin Disco; Transcorp/Woodrock Consortium that paid $75 million for Ughelli Power Plc; CMEC/EUAFRIC Energy JV paid $50.2 million of the bid value for Sapele Power Plc; Kann Consortium paid $41 million for Abuja Distribution Company.
Also, Aura Energy paid $20.4 million for Jos Distribution Company; Mainstream Energy Ltd paid $59.5 for Kainji Power Plc; and Sahelian Power SPV, which paid $34.25 million for Kano Distribution Company.
Other bidders that had earlier paid the mandatory 25 per cent of the bid value of the PHCN Successor Company they intend to buy are Amperion Power Company Limited, the preferred bidder for Geregu Power Plc, which paid $33 million; Integrated Energy Distribution & Marketing Company, the preferred bidder for Ibadan and Yola Distribution Companies, which paid $42.25 million and $14.75 million for Ibadan and Yola Discos respectively; NEDC/KEPCO, the preferred bidder for Ikeja Distribution Company, which paid $32.75 million; and West Power & Gas, the preferred bidder for Eko Distribution Company, which paid $33.75 million.
The BPE listed the bidders that paid Wednesday to include Vigeo Consortium, the preferred bidder for Benin Distribution Company, which paid $32.25 million, being the mandatory 25 per cent of the bid value of the Benin Disco; Transcorp/Woodrock Consortium that paid $75 million for Ughelli Power Plc; CMEC/EUAFRIC Energy JV paid $50.2 million of the bid value for Sapele Power Plc; Kann Consortium paid $41 million for Abuja Distribution Company.
Also, Aura Energy paid $20.4 million for Jos Distribution Company; Mainstream Energy Ltd paid $59.5 for Kainji Power Plc; and Sahelian Power SPV, which paid $34.25 million for Kano Distribution Company.
Other bidders that had earlier paid the mandatory 25 per cent of the bid value of the PHCN Successor Company they intend to buy are Amperion Power Company Limited, the preferred bidder for Geregu Power Plc, which paid $33 million; Integrated Energy Distribution & Marketing Company, the preferred bidder for Ibadan and Yola Distribution Companies, which paid $42.25 million and $14.75 million for Ibadan and Yola Discos respectively; NEDC/KEPCO, the preferred bidder for Ikeja Distribution Company, which paid $32.75 million; and West Power & Gas, the preferred bidder for Eko Distribution Company, which paid $33.75 million.
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