THE Bureau of Public Enterprises (BPE) yesterday successfully conducted the sale and concession of three thermal stations and two hydro stations, all part of the 18 succeeding companies unbundled from the Power Holding Company of Nigeria (PHCN).
Besides, the Capital Market Committee (CMC), comprising all stakeholders, yesterday appealed to the Federal Government to make provisions for the listing of successful distribution firms created from the unbundling of PHCN on the Nigerian Stock Exchange (NSE).
Out of the six electricity stations, three are thermal, namely: Ughelli Power Generation Plant which was yesterday won by a consortium promoted by Transnational Company of Nigeria (TRANSCORP Plc) under the special purpose vehicle Transcorp and WoodRock/Symbion Power. Transcorp emerged as the preferred bidder with an offer of $300 million for the 100 per cent government’s equity. The consortium beat two other bidders: Amperion Consortium, which offered $252 million and Feniks Electricity’s offer of $54 million.
Besides, the Capital Market Committee (CMC), comprising all stakeholders, yesterday appealed to the Federal Government to make provisions for the listing of successful distribution firms created from the unbundling of PHCN on the Nigerian Stock Exchange (NSE).
Out of the six electricity stations, three are thermal, namely: Ughelli Power Generation Plant which was yesterday won by a consortium promoted by Transnational Company of Nigeria (TRANSCORP Plc) under the special purpose vehicle Transcorp and WoodRock/Symbion Power. Transcorp emerged as the preferred bidder with an offer of $300 million for the 100 per cent government’s equity. The consortium beat two other bidders: Amperion Consortium, which offered $252 million and Feniks Electricity’s offer of $54 million.
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