January 30th Deadline for EOI on Power Generation Firms Approaches
The deadline for investors to show expression of interest (EOI) in acquiring Power Generation Companies is January 30th. According to the Bureau of Public Enterprises, the generation companies up for sale or concession are Afam Generation Company, the Geregu Generation Company, the Sapele Generation Company, the Kainji Generation Company, the Shiroro Generation Company and the Ughelli Generation Company.
Furthermore electricity distribution companies deadline will be coming up in Q2, 2012. The distribution firms up for sale or concession are Eko Distribution Company, Ibadan Distribution Company, Ikeja Distribution Company, Abuja Distribution Company, Benin Distribution Company, Jos Distribution Company, Enugu Distribution Company, Kano Distribution Company, Port Harcourt Distribution Company, Yola Distribution Company and Kaduna Distribution Company.
The minister of Power, Professor Nnaji, is accelerating plans to bring the electricity challenges in Nigeria to a halt. Recently it was disclosed that Nigeria will generate 6600 Mega Watts in 2012.
The minister also recently liquidated the Power Holding Company of Nigeria (PHCN) on December 31st 2011.
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