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BPE receives $ 469m from PHCN bidders

21 March 2013, 09:03

Abuja - The Bureau of Public Enterprise (BPE) said it had received the sum of 469 031 940.46 million dollars from preferred bidders for PHCN successor companies.

This is contained in a statement issued by Chigbo Anichebe, Head, Public Communication, on Wednesday in Abuja.

It said that the amount was received from 11 bidders for 12 successor companies as the mandatory 25 per cent payment of the offer value for their bids.

``The bidders that paid today, March 20, 2013, are Vigeo Consortium, the preferred bidder for Benin Distribution Company, which paid 32.25million dollars, being the mandatory 25 per cent of the bid value of the Benin Disco.

`` Transcorp/Woodrock Consortium  paid  75 million dollars  being 25 per cent of the bid value for Ughelli Power Plc; CMEC/EUAFRIC Energy JV  paid 50 249 965 million dollars,  being 25 per cent  of the bid value for  Sapele Power Plc.

`` Kann Consortium paid 41 million dollars, being 25 per cent  of the bid value for Abuja Distribution Company; Aura Energy paid 20 464 968.15 million dollars being 25  per cent  of the bid value for Jos Distribution Company,’’ it said.

Others, it added were Mainstream Energy Ltd that paid 59 467 500 million dollars,  being 25 per cent  of the bid value for Kainji Power Plc and Sahelian Power SPV, which paid 34.25million dollars being 25 per cent  of the bid value for Kano Distribution Company.

It added that other bidders that had earlier paid their 25 per cent  bid value were  Amperion Power Company Ltd, the preferred bidder for Geregu Power Plc,  which paid 33 million dollars.

``Integrated Energy Distribution and  Marketing Company, the preferred bidder for Ibadan and Yola Distribution Companies paid 42.25 million dollars and 14.75 million dollars  for Ibadan and Yola Discos respectively,

`` NEDC/KEPCO, the preferred bidder   for Ikeja Distribution Company,  paid  32.75 million dollars  and West Power and  Gas, the preferred bidder for Eko Distribution Company, paid 33.75 million dollars.

The deadline for the payment of the 25 per cent bid value is March 21.


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