by Isi Esene
Nigeria’s long road to a stable power supply appears to be shortening with the naming of preferred bidders for some of the power generation plants slated for privatization.
This announcement was made today in Abuja by representatives of the Bureau of Public Enterprises (BPE) who named a consortium which included Transcorp Plc as the preferred bidders for the Ughelli Paower Company with an offer of $300m.
Another group which includes Femi Otedola’s Forte Oil won the $132m bid for the Geregu Power plant.
The bidding for the remaining power plants which are located in strategic parts of the country is still ongoing in Abuja.