Wednesday, 12 December 2012

Power: FG Announces Bid Deadlines for Afam, Kaduna Assets

Chairman, Technical Committee, National Council on Privatisation (NCP), Mr Atedo Peterside, has said that the Federal Government had fixed January 31, 2013 as deadline for submission of fresh bids for Afam Generating Company (Genco) and Kaduna Distribution Company (Disco) whose bids were earlier cancelled in the ongoing privatization of the successor companies of Power Holding Company of Nigeria (PHCN).
Giving an update on the power privatization programme at the maiden Annual National Workshop of the Chartered Institute of Stockbrokers (CIS), in Abuja, he said all power privatization transactions, including five Gencos and 10 Discos were expected to be completed by the middle of next year.
The NCP had suspended bids for the Afam Genco privatisation after it was revealed that the former Power Minister, Bart Nnaji, had links with one of the consortia which bided for the plant. On the other hand, the Kaduna Disco privatization was adjudged inconclusive as none of the prior bidders met the technical qualification criteria.

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