Barely 24 hours after the Bureau of Public Enterprises conducted the bids for the Power Holding Company of Nigeria, one of the preferred bidders, North South Power Company Limited, on Wednesday condemned the news linking it with the former military President, Ibrahim Babangida.
In a statement made available to The Nation, the management said the consortium was neither backed nor sponsored by the former military president as widely reported in the media.
The statement, signed by Dr. Olubunmi Peters on behalf of the management, listed four companies registered in Nigeria and another one registered in the United States as well the Niger State Government, as members of the consortium.
The companies are XS Energy Limited (Nigeria), BP Investment Limited (Nigeria), Urban Shelter Limited (Nigeria), Transatlantic Development and Investment Company (United States), Roads Nigeria Plc (Nigeria), and Niger State Government.
The statement said, “The attention of the management of North South Power Company Limited has been drawn to some news report in the national dailies, that North South Power Company Limited is backed or sponsored by General Ibrahim Babangida.
“Our original inclination was to ignore the publication, but in order to set the records straight, we wish to bring to the knowledge of the media that Gen. Babangida is not a promoter or sponsor of North South Power Company Limited
“The consortium is also backed by their technical partners, China International Water Electric and China Three Gorges Corporation.”
The North-South Power Company Limited emerged the preferred bidder for Shiroro Generating Plant for $23.602m.
Transnational Corporation emerged the preferred bidder with an offer of $300m for the 100 per cent government’s equity in Ughelli Power Generation Plant. The consortium beat two other bidders: Amperion Consortium, which offered $252m and Feniks Electricity’s offer of $54m.
The second thermal station, Sapele Power Generation Plant, was won by a consortium – CMEC/EUAFRIC Energy which beat German Construction giant Julius Berger Nigeria Plc with the highest bid offer of $201m.
The third thermal station, Geregu plant was won by another consortium – Amperion Power Distribution Company for $132m. The group was a lone bidder for the plant.
In a statement made available to The Nation, the management said the consortium was neither backed nor sponsored by the former military president as widely reported in the media.
The statement, signed by Dr. Olubunmi Peters on behalf of the management, listed four companies registered in Nigeria and another one registered in the United States as well the Niger State Government, as members of the consortium.
The companies are XS Energy Limited (Nigeria), BP Investment Limited (Nigeria), Urban Shelter Limited (Nigeria), Transatlantic Development and Investment Company (United States), Roads Nigeria Plc (Nigeria), and Niger State Government.
The statement said, “The attention of the management of North South Power Company Limited has been drawn to some news report in the national dailies, that North South Power Company Limited is backed or sponsored by General Ibrahim Babangida.
“Our original inclination was to ignore the publication, but in order to set the records straight, we wish to bring to the knowledge of the media that Gen. Babangida is not a promoter or sponsor of North South Power Company Limited
“The consortium is also backed by their technical partners, China International Water Electric and China Three Gorges Corporation.”
The North-South Power Company Limited emerged the preferred bidder for Shiroro Generating Plant for $23.602m.
Transnational Corporation emerged the preferred bidder with an offer of $300m for the 100 per cent government’s equity in Ughelli Power Generation Plant. The consortium beat two other bidders: Amperion Consortium, which offered $252m and Feniks Electricity’s offer of $54m.
The second thermal station, Sapele Power Generation Plant, was won by a consortium – CMEC/EUAFRIC Energy which beat German Construction giant Julius Berger Nigeria Plc with the highest bid offer of $201m.
The third thermal station, Geregu plant was won by another consortium – Amperion Power Distribution Company for $132m. The group was a lone bidder for the plant.
Culled frrom the
(Nation Newspaper)
26th September 2012
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