… Preferred bidders for 10 NIPP know fate August 8
By ADEWALE SANYAOLU and ISAAC ANUMIHE, Abuja
The three tiers of government have, so far, invested well over $8 billion in the building of 10 power plants in the country, while the total privatisation proceeds for Power Holding Company of Nigeria (PHCN) is over $2.6 billion.
Speaking during a presentation to prospective investors in Hong Kong at a roadshow, jointly organized by the Niger Delta Power Holding Company (NDPHC) and the Bureau of Public Enterprises (BPE), Governor Gabriel Suswan of Benue State, who is also chairman of the Joint Technical Committee for the transaction, noted that with a population of over 160 million, Nigeria is the largest market for investors in Africa and the atmosphere is conducive for investments.
In his remarks, the Deputy Chairman of the Senate Committee on Power, Senator Chris Ngige, disclosed that the proceeds of over $2.6 billion raised by the BPE in the privatization of PHCN Successor Companies, is the largest privatization transaction ever in Nigeria and one of the largest in the African continent.
0 comments:
Post a Comment