By Clara Nwachukwu
With about 48 hours into the Thursday March 21 deadline, Vigeo Power Limited has paid $32.25 million to the Bureau of Public Enterprises, BPE, being 25 percent of the $129 million bid price for the Benin Electricity Distribution Company, BEDC.
The payment for the Benin DISCO, which covers electricity distribution in Edo, Delta, Ondo and Ekiti states brings to six the number of the power companies unbundled from the Power Holding Company of Nigeria, PHCN, which were recently put up for sale by BPE.
Although the Bureau said it could not confirm the payment, a top management of Vigeo Power, who spoke with Vanguard in confidence, insisted that the amount had been paid through its lead banker, StanbicIBTC.
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