The Federal Government has started processing bids for Afam Power Plc and Kaduna Distribution Companies.
A source at the National Council on Privatisation, NCP who confirmed the development stated that the processing of bids was moving according to plan to enable the government work on the privatization of the firms.
He said: “The Bureau of Public Enterprises, BPE which received 20 bids for Afam Power Plc and Kaduna Distribution Companies started screening the bids immediately after closure.
The official said that nine bids were received for Afam Power Plc and 11 for Kaduna Distribution Company.
At the deadline of January 31, 2013 for the submission of Expressions of Interest (EOIs) from prospective bidders, BPE received 19 applications for Kaduna Disco and 29 applications for Afam Generation Company. Consequently, the Bureau, on February 4, 2013, sent Requests for Proposals (RFP) to the 48 prospective bidders.
Afam Power Plc and Kaduna Electricity Distribution Plc were among the 17 PHCN successor companies that were earlier advertised for sale in December 2010 along with the 15 other PHCN Successor Companies that went through a full competitive tender process which culminated in the submission of technical and financial proposals in July 2012.
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