Six firms bid for consultancy on power privatisation

ABUJA — The Bureau of Public Enterprises, BPE, said it had received expressions of
interest from six companies as consultants on the sale of state-owned
power generation and distribution companies to private investors.


The companies include Goldman Sachs Group Inc., Standard Chartered Plc, a joint bid from Lazard Ltd. and United Bank
for Africa Plc, and the African Finance Corp.

The Abuja-based BPE said in an e-mailed statement, yesterday, that Goldman’s expression of
interest was submitted jointly with Lagos-based, Stanbic IBTC Bank Plc.

The bureau explained that the companies were meant to act as transaction
advisers and that their selection was quality based, and from a pool of
such companies in its kitty offering such services.

President Goodluck Jonathan, while unveiling the new Power Road Map in Lagos last
week, said government would go ahead with the privatisation of the
generation and distribution arms of the power sector, but would retain
control of the transmission, even as it would be privately managed.

The move and a host of others were part of the new revolution that is expected to revamp the power sector and guarantee sustainable power supply to Nigerians, while also boosting economic developmen

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Good read. I guess this is time for reality and no more vision.
IT'S A GOOD INTENTION FOR THE GOVT. TO PRIVERTISE THE SECTOR(PHCN).HOWEVER THIS SHOULD BE FOLLOWED TO THE LATER TO ENABLE US ACHIEVE OUR DREAMS.NOT JUST MERE SAYING.JEFF TENUMAH
What is really wrong with the power sector, I believe this will be the last solution to the problem of on and off Electric power syndrome.

AMADI CHIOMA CITY said:
IT'S A GOOD INTENTION FOR THE GOVT. TO PRIVERTISE THE SECTOR(PHCN).HOWEVER THIS SHOULD BE FOLLOWED TO THE LATER TO ENABLE US ACHIEVE OUR DREAMS.NOT JUST MERE SAYING.JEFF TENUMAH
Yes,actually this is a good suggestion but you must realise some thing about our country nigeria whether privitarsation or non our problem will contiune. so is only GOD who can solve our problems because the kind of people at the hen of affairs who are selfish in nature will still be the one to acquire the sectors. can you remember what happened at the end of Obasanjo's regin where He acquired some of the refiniaries through some persons.and today what stage is our refiniaries
Good news fro the government of GOODLUCK. May we continue to have more of this.
If it works this time, i would now believe that change is taking place in nigeria's power sector and i hope this would do alot of nigerians good
Let's continue to pray for our leaders for direction. We thank God thus far.

reginald aniche said:
If it works this time, i would now believe that change is taking place in nigeria's power sector and i hope this would do alot of nigerians good

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