FG, States, LGs to rake-in $5.8bn from sale of 10 NIPP plants


Mr Benjamin Dikki, DG, BPE

08 March 2014, Abuja – A total of about $5,814,002,617 is expected to be earned by the federal, states and local governments of the Federation as proceeds from the sale of 10 National Integrated Power Projects (NIPPs) thermal generation plants when the privatisation exercise is completed.

The sum is the total of the overall bid prices put forward by 10 companies and consortiums that emerged preferred bidders for the 10 power plants whose financial bids were opened Friday in Abuja by the Joint Transaction Technical Committee (JTTC) set up by the board of NIPP and Niger Delta Power Holding Company of Nigeria (NDPHC) Plc to consummate the privatisation of the plants.

Proceedings for the opening of the financial bids for the plants with a combined generation capacity of 5,454 megawatts (MW) were conducted by the Chairman of the JTTC who is also the Governor of Benue State, Gabriel Suswan alongside the Minister of State for Power, Mohammed Wakil, Chairman of the Technical Committee of the National Council on Privatisation (NCP), Atedo Peterside, Managing Director of NDPHC, James Olotu and Director General of the Bureau of Public Enterprises (BPE), Benjamin Dikki.
Details to follow


– This Day

About the Author