The 49 firms that have expressed interest in buying into two electricity firms carved out of the Power Holding Company of Nigeria Plc, Afam Power Plc and Kaduna Distribution Company Plc, must submit Request for Proposals by April 4, 2013 or they should forget taking over the companies.
The Head, Public Communications, Bureau of Public Enterprises, Mr. Chigbo Anichebe, confirmed the deadline in a telephone interview with our correspondent in Abuja on Wednesday.
RFPs are forms on which intending privatisation advisers and potential core investors make proposals on an offer announced by BPE. The agency usually calls for RFPs before calling for detailed technical and financial bids.
Afam Power Plc and Kaduna Electricity Distribution Plc were among the 17 PHCN successor companies that were earlier advertised for sale in December 2010, and both, along with the others, went through a tender process that culminated in the submission of technical and financial proposals in July 2012.
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