Wednesday, 14 November 2012

President Jonathan Cancels Manitoba Contract

President Goodluck Jonathan has cancelled the $23.72 million management contract for the Transmission Company of Nigeria (TCN), a critical component of the power reform and privatisation programme awarded to Canadian firm, Manitoba Hydro International, which had been selected by the National Council on Privatisation (NCP) to run TCN for three years, with the option to extend for another two years.
Manitoba had signed the $23.7 million management contract with the Bureau of Public Enterprises (BPE) last July, following a long drawn out process that lasted more than five years, in which the Canadian firm and Power Grid of India had their technical and financial proposals evaluated to determine which of the companies would be selected as management contractor.
Presidency sources said the president based his decision to cancel the contract on a memo sent by the Bureau of Public Procurement (BPP), which for several weeks, had been pushing for its cancellation on the premise that did it not pass through due process as provided under the Public Procurement Act.

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