IBB, Otedola, Elumelu Win Bids For Nigeria’s Power Plants

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  • Wednesday, 26 September 2012
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  • Nosagie Nosa-Ero
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  • The  privatization programme by the Federal Government has had a major boost.  Three of Nigeria's most influential people have won bids to Nigeria's Power Plants, reports can confirm.

    Image Credit: Dreamstime
    Amperion Power Distribution Limited was the sole bidder for the power plant in Kogi State. $132 million was the monetary figure place by the company which billionaire businessman, Femi Otedola is the major stakeholder.

    Amperion also submitted a bid for Ughelli Power Station but was unsuccessful because Tony Elumelu's Transnational Company of Nigeria, Transcorp had an offer of $300 million for the plant and was declared the winner of the bid.

    $201 million bid on the Sapele Power Plant was won by Chinese Nigeria Power Consortium.

    lso North-South Power submitted and won a bid on the Shiroro Power Plant. It has the figure at $111.7 million as fixed annual fees and another $236.8 million as commencement fees. lso North-South Power is believed to be backed by former military President Ibrahim Babangida.

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