Nigeria power privatisation takes step forward



Issue 261 - 14 Sep 2013
Nigeria’s power sector is a step closer to being transferred into private hands as 13 of the preferred bidders for the Power Holding Company of Nigeria (PHCN) successor distribution and generation companies have now paid the outstanding 75% of the purchase price. This allows the process to move into the next phase, known as the Transitional Energy Market. However, the preferred bidder for Enugu distribution company, Interstate Electrics, a consortium which includes Chief Emeka Offor’s Chrome Consortium Energy and the Metropolitan Electricity Authority of Thailand, failed to meet the 21 August payment deadline, while the preferred bidder for the Shiroro power plant, North-South Power Company, was able to pay only $40m of the $100m outstanding by 21 August, but paid the remaining $60m on 28 August, closing the deal.

Want to read more?

Medium article

£9

(Access to one African Energy article)

Subscribe to African Energy

View subscription options

Don't have an account?

Register for access to our free content

An account also allows you to view selected free articles, set up news alerts, search our African Energy Live Data power projects database and view project locations on our interactive map

Register

Africa Investment Exchange: Power & Renewables

16-17 November 2022, RSA House, London

Enabling power project development in Africa

First held at RSA House in 2014, AIX: Power & Renewables has become one of the meeting places of choice for Africa’s power sector stakeholders, including leading private and public sector investors, African officials and project developers.

Produced by African Energy, the meeting is held under the Chatham House Rule and structured around interactive panel-led sessions to encourage an open debate.

More than 45 panellists have so far confirmed

See the latest agenda here.

There is a 10% discount on tickets that ends on 28 October.

African Energy subscribers and AIX members receive a 35% discount on tickets

For bookings contact Ricky Purnell

Sponsored by