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Nigeria:
PHCN Assets Sale - 14 Companies Scale NCP Hurdle
This Day, 30 October 2012
The National Council on Privatisation (NCP) Monday approved 14 preferred bidders for the Power Holding Company of Nigeria (PHCN) generation and distribution companies in its… Read more »
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Nigeria:
PHCN Privatisation Is Designed to Remain Consumer-Centric
This Day, 30 October 2012
Managing Director of the Nigerian Bulk Electricity Trading Plc, Mr. Rumundaka Wonodi tells Chineme Okaforthat the privatisation exercise was designed with customer satisfaction at… Read more »
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Nigeria:
PHCN Sale - Transcorp, Mainstream, Others Get FG's Nod
Leadership, 30 October 2012
The Transcorp Consortium and Mainstream Energy Solutions Limited are among the companies that received the federal government's approval to acquire the unbundled companies of the… Read more »
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Nigeria:
PHCN Unions Shunned Govt Pension Probe Panel
This Day, 30 October 2012
The report of a government probe panel set up by former Minister of Power, Prof. Barth Nnaji, to investigate the management of funds in the Power Holding Company of Nigeria (PHCN)… Read more »
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Nigeria:
PHCN Workers Entitlement - Uncertainty Over Payment
This Day, 30 October 2012
Linda Eroke writes that no solution is in sight to resolve the labour liabilities of workers of the PHCN entities that are being unbundled by the Federal Government Read more »
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Nigeria:
FG to Earn N400 Billion From Sale of PHCN Companies
This Day, 23 October 2012
The Federal Government is expected to realise close to N400 billion from the divestment of 60 per cent equity in the 18 successor companies created from the unbundling of the Power… Read more »
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Nigeria:
Panel Recommends Prosecution of PHCN Top Management
This Day, 23 October 2012
A report submitted by the probe panel set up by the Federal Government to investigate the status of the pension funds of employees of state-owned power utility company, Power… Read more »
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Nigeria:
PHCN Bid - Crying Governors' Firm Cheated - Atedo
Vanguard, 23 October 2012
It was alleged, yesterday, that Southern Electricity Distribution Company, the consortium floated by four governors, to bid for the Benin Electricity Distribution Company, DISCO,… Read more »
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Nigeria:
PHCN Bid - Governors' Firm Flouted the Rules - Atedo Peterside
Vanguard, 22 October 2012
Chairman, Technical Committee, National Council of Privatisation, Mr. Atedo Peterside, Monday, said the governors' firm in the Power Holding Company of Nigeria, PHCN, bid flouted… Read more »
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Nigeria:
IBB, Otedola, Elumelu-Backed Groups Win Bids for Power Plants
This Day, 26 September 2012
The National Council on Privatisation (NCP) Tuesday, in Abuja, opened the financial bids submitted by investors wishing to acquire the state-owned power generation companies, with… Read more »
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Nigeria:
Elumelu, Otedola, Others Grab PHCN Plants
Vanguard, 26 September 2012
No fewer than $1.62 billion (about N254.39 billion) was placed on the table to enable the Bureau of Public Entreprises, BPE, conclude the long awaited privatisation of six… Read more »
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Nigeria:
Maintaining Integrity of Power Reform
This Day, 25 September 2012
With recent concerns raised by foreign investors on the on-going power privatisation programme, Ejiofor Alike writes that politicians should not hijack the exercise Read more »
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Nigeria:
Power Assets Sale - IBB, Akhigbe, Others Enter Final Lap Tuesday
This Day, 25 September 2012
Bidding consortiums with ties to former military president, General Ibrahim Babangida (rtd), former Chief of General Staff, Vice-Admiral Mike Okhai Akhigbe (rtd), as well as… Read more »
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Nigeria:
FG Postpones Bidding for PHCN's Distribution Companies
Daily Trust, 24 September 2012
The Bureau of Public Enterprises (BPE) has postponed the bidding date for the Power Holding Company of Nigeria's distribution companies by six days. Read more »
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Nigeria:
BPE Postpones Opening Bid for Power Distribution Firms
Leadership, 24 September 2012
The Bureau of Public Enterprises (BPE) has postponed the opening of financial bids for the sale of electricity distribution companies, earlier scheduled for October 10 to October… Read more »
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Nigeria:
Privatisation - No Buyers for Afam Plant, Kaduna Company Yet
Daily Trust, 20 September 2012
The Bureau of Public Enterprises (BPE) yesterday said no bidder was technically qualified for Afam Power Plant and the Kaduna distribution company, two of the Power Holding Company… Read more »
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Nigeria:
Firm Puts PHCN Liabilities At Over N392 Billion
This Day, 19 September 2012
The Power Holding Company of Nigeria (PHCN) has a staggering liability of N392,722 billion. Read more »
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Nigeria:
PHCN Privatization - BPE Opens Financial Bids September
Daily Trust, 18 September 2012
The Bureau of Public Enterprises yesterday said it will open the financial bids of investors for the generation companies whose technical proposals meet the benchmark on September… Read more »
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Nigeria:
FG Fails to Release PHCN Bidding Results
Daily Trust, 17 September 2012
The Federal Government has again failed to release the technical evaluation results conducted on the 51 Power Holding Company of Nigeria (PHCN) bidders, a week after the stipulated… Read more »