The National Council on Privatization, (NCP), chaired by the Vice President Namadi Sambo, yesterday announced a list of successful bidders that crossed the evaluation stage for both Kaduna Distribution Company (DISCO) and Afam Generation Company (GENCO).
Briefing state House correspondents at the end of fourth meeting of the NCP, the Chairman of NCP’s Technical Committee, Atedo Peterside, said the successful companies would now move on to a commercial bidding process that would be televised nationwide.
For Kaduna, seven out of 11 bidders were successful and were invited to the financial bid opening stage. The pre-qualified bidders included Axis Power Distribution Ltd, Nahco Consortium, Incar Power Ltd, Aiteo Consortium, LEDA Consortium, Northwest Power Ltd and Copperbelt Consortium. For Afam, four bidders crossed the evaluation stage out of nine.
The successful bidders were listed as Primeniza Energy Ltd, Televas Group, Forby Energy Ltd and TES Power Ltd. Peterside also noted that for any bidder to qualify for the commercial bidding stage, it had to score 75 percent.
He, however, added that even after yesterday’s announcement, the committee would continue due diligence to further cross check the information provided by the successful bidders.
“We still have to do continuing due diligence to check the accuracy of information at our disposal. Even if we announce these preferred bidders today, if we find any of the information to be false or misleading, we can still disqualify them,” he emphasized.
The NCP also announced that three firms had been short listed to participate in a mini financial bid process for a guided liquidation of NITEL.
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