Rocky road to privatization in Nigeria
The theory is that private companies will do a better job of maintaining the power grid and relieve the government of the costs of upkeep and new development. But getting there is not easy. This article is from ThisDay in Lagos.NDPHC - 10 NIPPs for Sale to Serious Investors
The Niger Delta Power Holding Company (NDPHC) has said 10 of its power generation plants built under the National Integrated Power Projects (NIPP) will be sold to only serious investors and not just anybody…
However, it was gathered that some of the bidders… stated their desire for an extension of the deadline… but Chairman of the Technical Committee of the National Council on Privatisation (NCP), Mr. Peterside Atedo, immediately deflated any hopes for such extension, saying it was usual of unserious investors…
He… congratulated those who met the submission deadline, adding that the deal was not mandatory and as such, those who missed the deadline should bid farewell to the process…
On the status of the power plants before their handover to successful bidders, [Managing Director of NDPHC, Mr. James Olotu] said: "The important thing is that no power plant will be handed over to any successful bidder without it being completed in the manner in which we said it must be completed. No power plant will be handed over before it is completed and acceptable for hand over. No contractor will be relieved of any portion of its work before handing over. Every power plant will be fit for the purpose in line with how the contract guideline outlined. So, that's the way its going to be…
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Labels: economy, Nigeria, politics
posted by Ken Wedding @ 5:30 AM
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