Breakdown of Bids for the Privatisation of Power Distribution Companies
A breakdown of the 54 bidders that met the July 31, 2012 deadline for submission of technical and financial proposals for the privatisation of the eleven distribution companies created from the unbundling of Power Holding Company of Nigeria (PHCN) has been released by the Bureau of Public Enterprises (BPE.) They are as follows:
|S/N||DISTRIBUTION COMPANIES||NO OF BIDS RECEIVED||NAME OF CONSORTIUM|
|1||Abuja Electricity Distribution Company Plc||5||(1)Skipper Nigeria Ltd;(2) NAHCO Power Consortium; (3) KANN Consortium Utility Company Ltd; (4)Interstate Electrics Ltd; and (5)ENL Consortium Ltd.|
|2||Benin Electricity Distribution Company Plc||7||(1)Southern Electricity Distribution Company; (2) Cable & Rods Company Nigeria Ltd; (3) Copper Belt Consortium; (4) Rockson Engineering Company Ltd; (5) RENSMART Power Ltd; (6) Duncan Freeman Company/Draytom Energy Ltd; and (7) Vigeo Power Consortium.|
|3||Enugu Electricity Distribution Company Plc||4||(1)Rensmart Power Ltd; (2)Proglobal Power International Consortium;(3)Interstate Electrics Ltd; and (4) Eastern Electric Nigeria Ltd.|
|4||Eko Electricity Distribution Company Plc||9||(1)OANDO Consortium; (2)Integrated Energy Distribution & Marketing Ltd;(3) NPD Consortium; (4) SEPCO-Pacific Energy Consortium; (5)West Power & Gas; (6)Electric Utilities Nigeria Ltd; (7) KEPCO/NEDC Consortium; (8)ENL Consortium Ltd; and (9) Honeywell Energy Resources International Ltd.|
|5||Ibadan Electricity Distribution Company Plc||7||(1)Western Consortium; (2) ENL Consortium Ltd;(3) Integrated Energy Distribution & Marketing Ltd; (4)Skipper Nigeria Ltd; (5)ICOMM Energy Ltd; (6) Electric Utilities Ltd; (7) and KEPCO/NEDC Consortium.|
|6||Ikeja Electricity Distribution Company Plc||10||(1)Rockson Engineering Ltd; (2) SEO International; (3) OANDO Consortium; (4) Amperion Power Distribution Co Ltd; (5)Honeywell Energy Resources International Ltd; (6) Integrated Energy Distribution & Marketing Ltd; (7)West Power & Gas Ltd; (8)Vigeo Holdings, Gumco, African Corporation AFC & CESC Consortium; (9) Daniel Power Plant Company Nigeria Ltd; and (10) KEPCO/NEDC Consortium.|
|7||Jos Electricity Distribution Company Plc||2||(1)Masters Energy Oil & Gas Ltd; and (2) Aura Energy Ltd.|
|8||Kaduna Electricity Distribution Company Plc||2||(1)NAHCO Energy & Power Ltd; and (2) Skipper Nigeria Ltd.|
|9||Kano Electricity Distribution Company Plc||2||(1) Sahelian Power SPV Ltd; and (2)Profile Energy Consortium Ltd.|
|10||Port Harcourt Electricity Distribution Company Plc||3||(1)Utility Integrated Management Services Ltd; (2) Rockson Engineering Company Ltd; and (3)4Power Consortium.|
|11||Yola Electricity Distribution Company Plc.||3||(1)SNECOU Group of Companies Ltd; (2)Vivadis Power Ltd (ORTECH Consortium); and (3)Integrated Energy Distribution & Marketing Ltd.|
Prospective core investors, who must be local and/or international power distributors or investors with power distributors as technical partners, will be responsible for operating the distribution companies, making the necessary investments to improve the distribution network and customer service in line with the objectives of the Federal Government of Nigeria.
The transaction timeline reveals that the evaluation of the technical bids will take place between August 14 and 28, 2012. The National Council on Privatisation (NCP) will approve the results of the technical evaluation by September 11, 2012.
The deadline for the shortlisted bidders for generation companies to submit their letters of credit is September 18, 2012 while October 2, 2012 is the deadline for shortlisted bidders for distribution companies.
Consequently, NCP’s approval will pave way for the opening of financial bids of the shortlisted investors.
The BPE will on September 25, 2012 open the financial bids of prospective investors for the generating companies while October 10, 2012 is the date for the opening of the financial bids for the distribution companies.
The announcement of the preferred bidders for the generating companies is October 9, 2012 while October 23, 2012 is the date for the announcement of the preferred bidders for the distribution companies.
The Nigerian electricity industry has been unbundled into generation and distribution companies and a single transmission company with a view to encouraging private sector participation and attracting foreign and local investment into the Nigerian power sector to ensure economic and reliable electricity supply.