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Bureau of Public Enterprises issues RFP for Transmission Company of Nigeria

By on February 2, 2012

The Bureau of Public Enterprises (BPE) has issued a Request for Proposals (RFP) to Manitoba Hydro of Canada and Power Grid of India ahead of its planned sale of the Transmission Company of Nigeria (TCN).

The Transmission Company of Nigeria is one of the 18 successor companies carved out from the Power Holding Company of Nigeria (PHCN). TCN combines the functions of a transmission service provider, a system operator and a market operator.

Unlike the other 17 successor companies that are in the process of being sold to private sector operators, TCN had been scheduled for a management contract in order to enable it become a financially sustainable, stable, self-sufficient and market-driven company.

For the purpose of procuring a management contractor for TCN, the BPE had retained the services of British Power International, which was initially engaged by PHCN to provide advice on the engagement of an operation and maintenance contractor and other issues such as the development of management information services and corporate governance procedures.

The management contract was designed to reduce electricity losses during transmission; provide for the achievement of certain predetermined targets that would improve grid security and general performance; have reward and penalty clauses as incentives for success; and provide efficient management of government investments.

It will also ensure adequate and equitable generation dispatch according to a fair merit order based on sound regulatory principles; ensure fair market settlements between electricity traders; and provide for skills and expertise transfer to Nigerian counterparts who will serve in deputy and other positions on the management staff of the management contractor.

Manitoba Hydro of Canada and Power Grid of India are currently undertaking their due diligence exercise on TCN in order to enable them submit an informed bid.

 

One Comment

  1. Anonymous

    February 2, 2012 at 9:39 am

    NIGERIANS THE ONLY WAY TO MAKE LIGHT STEADY IN NIGERIA .
    IS TO STOP ALL BILLS .

    IF YOU DONT SEE LIGHT ,DONT  PAY ANY BILL.
    ESTIMATED BILLS ARE FRAUDULENT ,.