PHCN office
The federal government has so far received the sum of $156.50 million from the five preferred bidders for the successor firms of the Power Holding Company of Nigeria (PHCN) as part of the mandatory 25 per cent of the bid value of the respective assets.
According to a statement from the Bureau of Public Enterprises (BPE), which was made available to THISDAY Monday, a breakdown of the total remittances showed that Amperion Power Company Limited, the preferred bidder for Geregu Power Plc had paid $33 million; Integrated Energy Distribution & Marketing Company, which won the bid for Ibadan and Yola Distribution Companies paid $42.25 million and USD$14.75 million respectively while NEDC/KEPCO, the preferred bidder for Ikeja Distribution Company, paid $32.75 million.
Others include West Power and Gas, the preferred bidder for Eko Distribution Company which paid $33.75 million.
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