The Federal Government says it has received 36 Expression Of Interest (EOI) from some prospective investors regarding the five National Integrated Power Plants (NIPPs) put up for sale.
Mr Alex Okoh, Director-General, Bureau of Public Enterprises (BPE) said this in a statement in Abuja by Head, Public Communications, Bureau of Public Enterprises (BPE) Amina Othman.
He said the Federal Government was determined to resuscitate the power plants to put them to full use for the much needed power requirement of the people and growth of the nation.
The statement also said that the privatisation of the five NIPP plants was in line with the Bureau’s 2021 workplan as approved by the National Council on Privatisation (NCP).
The five NIPP plants are: Benin Generation Company Limited at Ihovba, Edo State, Calabar Generation Company Limited, Cross River State, Geregu Generation Company Limited, Kogi State, Olorunsogo Generation Company Limited, Ogun State and Omotosho Generation Company Limited, Ondo State.
Okoh said that based on the approval of the NCP, the BPE, agency superintending over the privatisation of the five plants engaged the services of a Technical Adviser and advertised for the EOI in three national dailies.
He added that the evaluation committee constituted by the management of the bureau, which also includes nominees of the Niger Delta Power Holding Company (NDPHC) was trained by the adviser on June 29 and commenced work on June 30.
According to him, the committee will soon present its report to the management and subsequently to the Technical Committee of the NCP for approval.