BLUEBLOCK: Bid for Discos - Oando, Honeywell, Integrated Energy, Vigeo and 17 others in the race

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Bid for Discos - Oando, Honeywell, Integrated Energy, Vigeo and 17 others in the race

Wednesday, September 19, 2012 | Posted by Blueblock | | Edit Post

Ms. Bolanle Onogoruwa, BPE DG

Companies which on Tuesday were prequalified to have their financial bids opened for the 10 distribution companies (discos) which emancipated from the unbundling of the Power Holding Company of Nigeria (PHCN) were reported to be 21 in number, they include Oando Consortium, Honeywell Energy Resources International Limited, Integrated Energy Distribution and Marketing Limited and Vigeo Holdings.

The National Council on Privatization (NCP), approved their eligibility for the exercise scheduled to hold on the 10th of October, this was stated by Vice-President Namadi Sambo who is the chairman of the council.

However, two companies were announced by the NCP not to have prequalified to move to the next stage of the privatization exercise, they are; NAHCO Power Limited and Skipper Nigeria Limited, which submitted bids for the Kaduna Distribution Company, stating that their bids failed because they were technically not qualified and directed the Bureau of Public Enterprises (BPE) to invite fresh bids from all prequalified bidders in accordance with Plan B in respect of the privatization of any unsold successor company.

The new invitation for fresh bids is said to come from all shortlisted bidders who paid the fee for the bid documents as required, the bid fee is $20,000.

10 companies were however approved to bid for Ikeja Disco, they are: Honeywell, Oando, Western Consortium, Integrated Energy, Amperion Power Distribution Company Limited, Vigeo Holdings, Gumco, African Corporation AFC & CESC, Kepco/NEDC Consortium, West Power and Gas, and Rockson Engineering Limited.

For Eko Disco, 6 companies were cleared, they are: Integrated Energy, Oando, Sepco-Pacific Energy Consortium, Honeywell Energy, Kepco/NEDC, and West Power and Gas.

For Ibadan Disco, 3 bidders were cleared, they are: Western Consortium, Integrated and Kepco/NEDC Consortium.

In Abuja, only Kann Consortium Utility Company Limited and Interstate Electrics Limited made the cut-off mark for the Disco.

For Enugu Disco, 4 companies were cleared, they are: Proglobal Power International Consortium, Rensmart Power Limited, Interstate Electrics Limited and Eastern Electric Nigeria Limited.

In Kano Sahelian Power SPV Limited was cleared, while Aura Energy Limited made the cut-off mark to bid for Jos Disco.

For Port Harcourt Disco, Power Consortium and Rockson Engineering Limited were prequalified; while Integrated Energy was the sole bidder cleared for Yola Disco.

For Benin, 4 companies were prequalified to have financial bids, they are: Rensmart Power Limited, Vigeo Power Consortium, Southern Electricity Distribution Company and Rockson Engineering Limited.

Chairman of Technical Committee, Atedo Peterside, stated that the five generation companies (gencos) also being privatized, said the seven firms that had scaled the prequalification hurdle for the generation assets will be having their financial bids on September 25 in Abuja.

Ughelli, Sapele, Geregu, Kainji and Shiroro power plants are the ones that will be put on on the block that day, while stating that the seven firms that emerged victorious for the gencos had attained 750 and above, which was the minimum score established for the technical bid process, including track record, financial capacity and technical expertise.

(Edited by: Blueblock)