This Day (Lagos)

Nigeria: PHCN Privatisation - VP Not Part of Bidding Firm

The Managing Director of Sahelian Power SPV Limited, Dr. Jamil Gwamna, has denied the involvement of the Vice-President, Namadi Sambo, in the company.

Sahelian Power SPV is one of the companies bidding for one of the successor companies of Power Holding Company of Nigeria (PHCN), Kano Distribution Company.

Sambo is the Chairman of the National Council on Privatisation (NCP), was allegedly linked to the company.

The NCP supervises Bureau of Public Enterprises (BPE), the organisation charged with the responsibility of privatising public assets from which the Federal Government is divesting.

But in a statement made available to THISDAY, Gwamna described Sahelian Energy as a consortium comprising Incar Power Limited, IPL, promoted by Alhaji Umaru Muttalab, and Dantata Investment and Securities Limited, promoted by Alhaji Aminu Dantata.

Others in the consortium are Sahelian Energy and Integrated Services Limited (SEIS), promoted by Yusuf H. Abubakar, Highland Electricty Limited (HEL), promoted by Alhaji Kashim Bukar Shettima and Kayseri Ve Civari Elektrik T.A.S. (KCETAS), a Turkish electricity generation and distribution company.

"The promoters of these companies are highly responsible northern entrepreneurs," Gwamna said.

Giving the background of the outfits, he explained that Incar Power Limited was incorporated as a partnership in 2011 in Nigeria to provide services in the energy sector with emphasis on distribution, transmission, generation and sale of electric energy in Nigeria and the West Africa sub-region.

He said Dantata was incorporated in 1975 while SEIS was incorporated in 2008 in Nigeria as an energy company to carry out the business of planning, development and delivery of energy, energy infrastructure, utility provisions (oil, gas and power), integrated and energy management services.

According to the Sahelian Power boss, Highland Electricity Limited was incorporated in 2008 as a special purpose vehicle for power distribution while KCETAS was incorporated in Turkey in 1926 to provide electricity, and that it was into generation, distribution and retail sale of the product.

He said since winners of the bids would soon be announced, it would be unfair for anybody to impute undue advantage to the consortium should it win the Kano Distribution Company, emphasising that Sambo had absolutely nothing to do with it.

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