Nigeria: NCP Approves Handover of PHCN Successor Coys

 

The National Council on Privatization (NCP), on Friday, formally approvedthe handover of the successor companies unbundled from Power Holding Company of Nigeria, PHCN, to the preferred bidders.
The decision, which was taken at the Council's sixth meeting in Abuja, followed the approval of the payment of the remaining 75% of 14 out of the 15 bidders for the acquisition of the 15 PHCN successor companies.
Among the payments approved by the Council include the 12 companies that made payments on the due date:
· Amperion Power Co. Ltd (Geregu)
· Transcorp/Woodrock (Ughelli)
· Integrated Energy Company (Ibadan)
· NEDC/KEPCO (Ikeja)
· Vigeo Power Ltd. (Benin)
· Aura Energy Ltd. (Jos)
· Integrated Energy Company (Yola)
· Mainstream Energy Ltd. (Kainji)
· West Power & Gas (Eko)
· Kann Consortium (Abuja)
· 4Power Consortium (Port Harcourt), and,
· Sahelian Power SPV Ltd. (Kano)

 

 

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