Copperbelt Energy plans to acquire stake in PHCN
Zambia’s Copperbelt Energy Corp. intends to acquire a stake in a Power Holding Company of Nigeria.
CEC’s managing director for corporate development, Michael Tarney, said the firm intends to bid for part of Power Holding Company of Nigeria (PHCN) to gain a foothold in the large and populous economy.
Copperbelt Energy is expected to bid for one or two Power Holding’s units. The bidding period is likely to start in the first quarter of 2012.
The Nigerian government is planning to privatize its power sector to improve efficiency and seeks bids to sell stake in Power Holding Co. The company’s distribution network is divided into 11 different units and has an aggregate value of about $1.1 billion.
Related Posts
-
FCMB Bank (UK) Limited Launches Personal and Business Banking Proposition to Deepen InclusivenessFCMB Bank (UK) Limited, an independently incorporated subsidiary of...
- August 1, 2018
-
The Worrisome Trend of Sensational Social Media “Journalism” and the Impact On Legitimate Business Concerns: Recent Travails of FCMB, GTBank and First BankOn June 25, 2018 I woke up to yet...
- June 26, 2018
-
Azman Air commences flight operation in SokotoAzman Air Thursday commenced flight operation to Sokoto state....
- February 21, 2015
-
NRC increases Lagos goods trains, eyes fuel haulageThe Nigerian Railway Corporation says it has increased its...
- June 23, 2016
Nigeria News
- You must continue your father’s legacy in Lagos – Middle Belt group tells Seyi Tinubu
- EPL: He’s quick, hold the ball – Agbonlahor identify player to replace Havertz at Arsenal
- I’ll live until I’m 100 – Cristiano Ronaldo responds to claim that he’s about to die
- Nigerian duo nominated for Spanish Liga F POTM for September
- Nigerian govt announces Galaxy Backbone’s Govmail for civil servants