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NDPH Closes Bids For 10 NIPP Stations Today


News » Politics
Nigeria

IMAGE: Geregu power plant in kogi state »

Nov.8.2013

 

Following the successful handing over of the physical successor companies of the defunct PHCN, the bidding rounds of the 10 National Independent Power Plants (NIPPs) ends today .

   The 10 NIPPs were built by the Niger Delta Power Holding Company (NDPHC) with the intention of selling 80 per cent stake to private investors who are believed to be better managers of such business.

The remaining 20 per cent would be retained by the three tiers of government who are the original shareholders of the company. Speaking yesterday in Lagos during the commissioning of 75MVA injection sub-station at Magodo, Ogba and Abule Egba, respectively, the Managing Director of NDPHC, Mr. James Olootu, said  he would close the bids at exactly 5pm today.

The power plants are: Omotoso in Ondo State (450MW), Sapele in Delta (450MW), Geregu in Kogi (434MW), Olorunsogo in Ogun (750MW) and Ihovbor in Edo (450MW).

Others are Gbarain in Bayelsa (225MW), Alaoji in Abia (450MW), Calabar in Cross River (561MW), Egbema in Imo (338MW) and Omoku in Rivers (225MW).

“I will be in Abuja tomorrow to close the bids for the 10 power plants by exactly 5pm tomorrow (Friday). I must ensure that all the rules and regulations are adhered to and that the bidding process is transparent and not compromised. After closing the bids on Friday, we would open the bids on Monday and give them to evaluation committee to do the valuation within two weeks. The evaluation committee includes lawyers, engineers, EFCC, World Bank representatives and NERC.”

Olotu noted that after the evaluation, reports on evaluation would be submitted to the board of NDPHC, who would approve and announce the results.

Article Credit: Leadership, FreedomOnline

Updated 5 Years ago
 

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