Preferred bidders for the 10 privatised distribution companies (Discos) yesterday gave the federal government tough conditions which must be met before they can pay the balance 75 per cent bid prices. The investors had already made an initial 25 per cent part payment for the companies and are expected to make the final payment on August 21, 2013 before taking over the utilities in September, the Ministry of Power said. This position however conflicts with the Bureau of Public Enterprises (BPE) timeline, which indicates that deadline for the payment of the 75 balance expires on September 21, 2013. Recall that BPE Director General, Benjamin Dikki had recently said deadline for payment of the balance is September 21.
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