The Federal Government of Nigeria through the Bureau of Public Enterprises (BPE) has called on interested people to bid for five power generation companies established under the National Integrated Power Project (NIPP).
In a document signed by the Director-General, Alex Okoh, and made available to journalists, the BPE called on investors to bid for 100 percent government shareholding in any of the companies.
The companies up for sale areGeregu Generation Company Ltd with gross installed capacity at ISO condition of 506 Megawatts (MW), Benin (Ihovbor) Generation Company Ltd with 507 MW, Calabar Generation Ltd with 634MW, Omotosho Generation Ltd with 513MW and Olorunsogo Generation Company Ltd with 754MW.
According to the document, the decision to sell the power generating plants was in line with the ongoing reforms in the Nigerian electricity supply industry and the Nigerian Electric Power Policy and Electric Power Sector Reform (EPSR) Act, 2005.
The statement noted that “The Board of Directors of Niger Delta Power Holding Company (NDPHC) and the National Council on Privatisation had approved the sale of the five companies through a competitive bidding process.”