Barbara Bako, Abuja
A total of 19 firms have indicated interest to acquire the Afam Power Company and the Yola Distribution Company (YDC) put up for sale by the Federal Government.
At the close of the submission of bids for the Expression of Interest (EOIs) for the two power companies, seven companies submitted bids for Afam while 12 submitted for the Yola Disco.
The Head, Public Communications of the Bureau of Public Enterprises (BPE), Amina Othman Tukur in a statement said theBureau’s Director of Energy, Mr.Yunana Jackdell Malohas has inaugurated the Evaluation Committee to scrutinize the bids.
BPE had requested interests in the two companies in national newspapers on August 16, 2018.
It would be recalled that although Yola Distribution Company was successfully privatised and handed over to the core investor in 2013, a force majeure was declared in 2015 by the core investor citing insecurity in the North-East region of the country.
Following this, the company was duly repossessed by the Federal Government. The transaction for Afam Power Generation Company on the other hand fell through due to the delay in signing the Gas Supply Agreement (GSAA) and the Gas Transportation Agreement (GTA).
In 2017 the National council on Privatisation (NCP) gave approval for a fresh transaction to privatise the two power companies.
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