Nigeria: Power Privatisation - BPE Insists on Wednesday's Deadline

20 August 2013

Abuja — The Federal Government said Monday, that there was no going back on the Wednesday deadline given to the 14 bidders for the 15 successor companies of the Power Holding Company of Nigeria, PHCN, which were put up for sale by the Bureau of Public Enterprises, BPE.

About 10 of the bidders at a round table with the government last week, had requested for a month extension to enable them conclude the financial transactions with their respective banks.

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