Press Release

July 8, 2022 News Press Release

FG Committed to Optimal Performance in Power Supply- Okoh

The Bureau of Public Enterprises (BPE) considers it imperative to clear the air on the insinuations and statements emanating from some of the Electricity Distribution Companies (DISCOs) which were restructured following the collaterised shares of some of the DISCos. As we had earlier informed the public through various publications in the print and electronic media, BPE which midwifed the sale of the power companies and the Nigerian Electricity Regulatory Commission (NERC) which is the regulator […]

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July 7, 2022 News Press Release

RESTRUCTURING OF KANO, BENIN, KADUNA, IBADAN AND PORT HARCOURT DISCOs – JULY 5th, 2022

RESTRUCTURING OF KANO, BENIN, KADUNA, IBADAN AND PORT HARCOURT DISCOs – JULY 5th, 2022 Today we were informed by Fidelity Bank that they have activated the call on the collateralized shares of Kano, Benin and Kaduna (Fidelity and AFREXIM) DISCOs and that they have initiated action to take over the Boards of these DISCOs and exercise the rights on the shares. Fidelity Bank’s action is a contractual and commercial intervention and is between the Core […]

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July 7, 2022 News Press Release

16 Firms Pre-qualified For 5 NIPPs Privatisation…Okoh Says Power Sector remains Viable Investment

Sixteen firms have been pre-qualified for the privatisation of five National Integrated Power Projects (NIPPs) in the country, Director General of the Bureau of Public Enterprises (BPE), Mr. Alex A. Okoh has announced. Okoh announced this at the Investor Pre-bid Conference for the privatisation of the five NIPP plants namely:Geregu, Omotosho,Olorunsogo, Calabar and Benin-Ihovbor which held at Transcorp Hilton Hotel, Abuja on Tuesday, July 5, 2022. He listed the 16 pre-qualified bidders as: Mota-Engil Nig, Amperion […]

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July 6, 2022 News Press Release

NCP APPROVES FAST-TRACK OF WORK ON ZUNGERU POWER PLANT

The National Council on Privatisation (NCP) at its 3rd meeting for 2022 held at the Presidential Villa, Abuja recently approved the strategy and workplan to fast-track the concession of Zungeru Hydroelectricity Power Plant (ZHPP) in Wushishi Local Government Area of Niger State subject to any further development from Ministry of Power. The Council noted that the key objectives of the plan’s concession include leveraging the private sector access to finance and reducing reliance on government […]

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July 6, 2022 News Press Release

NELMCO GETS GOVERNING BOARD

The National Council on Privatisation (NCP) has approved the immediate composition and the proposed governance framework for the sustainable management and payment of post privatisation liabilities of the power sector transferred to Nigeria Electricity Liability Management Company Ltd (NELMCO) which hitherto was without a Board. This was one of the major decisions taken by the Council at its 3rd meeting for 2022 held at the Presidential Villa, Abuja on Thursday, June 30, 2022, and presided […]

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