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.
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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| Image Credit: Dreamstime |
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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