Lagos - Bidding for the Afam power plant and Kaduna Electricity Distribution Company has intensified with two consortia emerging as preferred bidders for the major power projects.
With a bid of $260.05m, Taleveras beat TES Power to emerge the preferred bidder for Afam Power Plc, the last of the generating companies carved out of the Power Holding Company of Nigeria.
Similarly, Northwest Power Limited emerged the preferred bidder for the Kaduna Electricity Distribution Company, the only remaining of the 11 distribution companies carved out of the Power Holding Company of Nigeria.
Atedo Peterside, the Chairman, of Technical Committee of the National Council on Privatization, Atedo Peterside, who presided over the financial bid opening ceremony, said the bidders for the electricity distribution companies were judged on their ATC&C proposals because of the urgent need to reduce losses and create a self-sustaining electricity market.
Afam Power Plc and the Kaduna Electricity Distribution Plc were among the 17 PHCN successor companies that were earlier advertised for sale in December 2010.
The projects went through a tender process that culminated in the submission of technical and financial proposals in July 2012.
- CAJ News