Article length: 1768 words
Ten more Nigerian power plants to be privatised
The second phase of Nigeria’s power sector privatisation programme is under way following roadshow events in Lagos on 4-5 June and London on 12-13 June. The Niger Delta Power Holding Company (NDPHC) has already invited expressions of interest for ten power plants, with bids due by 19 July. Two further roadshow events are planned for Hong Kong on 19-20 June and New York on 26-27 June. The plants for sale are the National Integrated Power Project (NIPP) plants owned by NDPHC, which will retain a 20% stake. Bidders are expected to be shortlisted on 8 August, with data rooms open on 16 August and a bidders’ conference in Abuja scheduled for 18-19 September.
Credit value: 20