The 20 bidders whose bids met the guidelines for acquisition of majority stakes in Afam Power Plc and Kaduna Electricity Distribution Company will know their fate today as the Bureau for Public Enterprises (BPE) prepares to open their financial bids in Abuja. The National Council on Privatisation (NCP) chaired by Vice-president Namadi Sambo approved a short list of bidders recently. Afam Power Plc and Kaduna Distribution Company are two of the 18 successors companies carved out of the Power Holding Company of Nigeria Plc. The privatisation agency had last week dispatched letters to the shortlisted bidders to come for the bid opening ceremony to be held in Abuja today. Although a total of 48 firms had expressed interest in the acquisition of majority stakes in the Afam and Kaduna power plants, 28 failed to submit their financial and technical bids by the end of the deadline.
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