Ahead of today’s deadline for preferred bidders for the successor companies unbundled from the Power Holding Company of Nigeria (PHCN) to make the mandatory 25 per cent payment of the offer value of their bids, 11 bidders have paid $469.03million for 12 of the successor companies.
The Bureau of Public Enterprises (BPE) in a statement yesterday confirmed receipt of the payment from bidders for the distribution and generation companies. It said that three preferred bidders were yet to pay.
The BPE listed the bidders that paid yesterday, March 20, 2013, as Vigeo Consortium, the preferred bidder for Benin Distribution Company, which paid $32.25million, being the mandatory 25 per cent of the bid value of the Benin Disco; Transcorp/Woodrock Consortium, that paid $75 million; being 25 per cent of the bid value for Ughelli Power Plc; CMEC/EUAFRIC Energy JV that paid $50,249,965; being 25 per cent of the bid value for Sapele Power Plc; Kann Consortium, paid $41 million; being 25 per cent of the bid value for...
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