Nigeria receives US$469 million from power firm bidders

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This is contained in a statement issued by the Head of Public Communication Chigbo Anichebe, on Wednesday in Abuja.
It said the amount was received from 11 bidders for 12 successor companies as the mandatory 25% payment of the offer value for their bids.


“The bidders that paid today, March 20, 2013, are Vigeo Consortium, the preferred bidder for Benin Distribution Company, which paid US$32.25million, being the mandatory 25% of the bid value of the Benin Disco,” he said.
Transcorp/Woodrock Consortium paid US$75 million for Ughelli Power Plc; CMEC/EUAFRIC Energy JV paid US$50.3 million for Sapele Power, the statement continued.
Kann Consortium paid US$41 million for Abuja Distribution Company; Aura Energy paid US$20.5 million for Jos Distribution Company.
Others, it added, were Mainstream Energy that paid US$59.5 million for Kainji Power and Sahelian Power SPV, which paid US$34.3 million for Kano Distribution Company.
It added that other bidders that had earlier paid their 25 per cent bid value were Amperion Power Company, the preferred bidder for Geregu Power Plc, which paid US$33 million.
The deadline for the payment of the 25 per cent bid value is March 21.

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