National Council on Privatisation,NCP, has approved Transcorp Power as the preferred bidder for the Afam Electricity Generation Coy (Afam Power Plc and Afam Three Fast Power Ltd) with bid price of NGN105.3bn (c.$343.6m) and Diamond Stripes Consortium as reserve bidder with NGN102.3bn.
Council also approved Quest Electricity Nigeria Limited as the preferred bidder for re-privatised Yola Electricity Distribution Company with a bid price of NGN19bn (about US$62m) which is above the US$59m paid by the previous core investor in 2013.
Afam Power is the oldest power plant in Nigeria with a combined installed capacity of 966MW.
Details later…
The Benin-Asaba Expressway Concession Company Limited (BAECC) has announced the appointment of renowned Public-Private Partnership…
Following a new seven-day flood alert advisory (NFA-2026-2022) issued over the weekend by the Nigerian…
With barely five months to the 2027 Governorship election, Ogun State chapter of the Peoples…
The National Association of Nigerian Youth in Development (NANYD) has issued a strong caution to…
ADEOLA OGUNLADE The Executive Chairman of Ikeja Local Government, Hon. Akeem Olalekan Dauda (AKOD),…
The PEARL Awards, Nigeria’s foremost platform for rewarding corporate performance in the capital market,…