5 August 2013 - The privatisation programme of Nigeria’s power sector took another step forward with the Taleveras group named as the preferred bidder for the Afam power generation facility. It offered US$260 million for the asset, with TES Power’s US$223 million bid qualifying that group as the reserve bidder.
Nigeria’s National Council on Privatisation (NCP) had suspended bids for Afam after it was revealed that the former power minister, Bart Nnaji, had links with one of the consortia which had submitted bids for the plant.
The winning bid for the Kaduna distribution company was Northwest Power with an aggregate technical, commercial and collection loss reduction proposal of 29.26%. The second place and reserve bidder was the LEDA Consortium that offered an aggregate technical, commercial and collection 26.71% to take second place as the reserve bidder. A third bidder, the Incar Consortium offered 22.73%. The bidders for this distribution company were selected using these proposals because of the urgent need to reduce losses and create a self-sustaining electricity market. The previous round of bidding on the privatisation of the Kaduna distribution company was adjudged inconclusive, as none of the prior bidders met the technical qualification criteria.
Read more...
0 comments:
Post a Comment