BPE To Name Bidders For NIPP Power Plants August 8

The Director General of the Bureau of Public Enterprises (BPE), Mr. Benjamin Ezra Dikki, has said the names of shortlisted bidders for the BPE/Niger Delta Power Holding Company (NDPHC) joint sale transaction process for the sale of 10 National Integrated Power Project (NIPP) power plants would be made public August 8, 2013.

Mr. Dikki disclosed this in a presentation to prospective investors in Hong Kong at a road show jointly organized by the Niger Delta Power Holding Company (NDPHC) and the BPE.


Mr. Dikki advised prospective bidders to be aware of some of the observed lapses by prospective bidders in the previous bid processes. They  involve  bids failing to substantially comply with the Requests for Proposal (RFP), failure to meet the threshold of required tangible net worth, failure to submit bid bonds, failure to submit audited accounts, failure to submit bids on time, among others.

He noted that the intension of the Expressions of Interest (EOI) process for the sale of the10 power plants was meant to improve on the rigorous requirements of the PHCN successor companies’ privatization transactions. He warned that: “It is critical that all interested parties/potential investors go through the EOI guideline document”.

He reiterated to the potential investors that the deadline for the submission of expressions of interest remains 19th of July 2013, warning that the date would not be extended.

The BPE DG noted that besides power, the transport and housing sectors, development finance institutions and the Abuja Commodities and Stock Exchange are also great investment opportunities for local and international investors.

Mr. Dikki said that BPE and NDPHC are partners in the joint sale transaction process for the sale of the 10 power plants, adding that BPE is legally authorized to sell Federal Government’s 47% shares, while NDPHC has the authorization of the States and local government councils  to sell 53% of the 80% shares on offer.

In his address, Benue State, Governor Gabriel Suswan disclosed that over $8billion was invested in building the 10 power plants by the three tiers of government.

Mr. Suswan noted that with a population of over 160 million, Nigeria is the largest market for investors in Africa and the atmosphere is conducive for investments.