NDPHC
Niger Delta Power Holding Company Limited
Invitation for Expressions of Interest for Strategic Investors for Thermal Power Stations in Nigeria
1. The National Integrated Power Project (NIPP) was conceived in 2004 as a fast-track public sector funded initiative to add significant new generation capacity to Nigeria’s electricity supply system along with the electricity transmission, distribution and natural gas transport infrastructure required to deliver the additional capacity to consumers throughout the country.
2. Niger Delta Power Holding Company (NDPHC), a special purpose company owned by the three tiers of the government, is tasked with the responsibility for implementation of NIPP. It is the intention that the ten NIPP power generation assets will be divested through a sale process to strategic investors. Each of the ten power generation assets is held by a wholly owned subsidiary of NDPHC.
3. In line with its objectives and as mandated by its Board of Directors, NDPHC hereby invites prospective Power Sector investors (“Prospective Bidders”) to register their interest for the purchase of thermal power stations owned by NDPHC through a sale of 80% of the shares in each generation subsidiary.
4. The transactions, to be conducted through International Competitive Bidding, will cover the following generation companies:
- Alaoji Generation Company Nigeria Limited – situated near Aba in Abia State of Nigeria with total gross installed capacity of 831.3 MW (at ISO);
- Benin Generation Company Limited -situated near Benin city in Edo State of Nigeria with total gross installed capacity of 507.6 MW (at ISO);
- Calabar Generation Company Limited – situated near Calabar city in Cross River State of Nigeria with a total gross installed capacity of 634.5MW (at ISO);
- Egbema Generation Company Limited – situated near Owerri in Imo State of Nigeria with a total gross installed capacity of 380.7 MW (at ISO);
- Gbarain Generation Company Limited – situated near Yenagoa in Bayelsa State of Nigeria with total gross installed capacity of 253.8 MW (at ISO);
- Geregu Generation Company Limited – situated in Ajaokuta in Kogi State of Nigeria with total gross installed capacity of 506.1 MW (at ISO);
- Ogorode Generation Company Limited – situated near Sapele in Delta State of Nigeria with total gross installed capacity of 507.6 MW (at ISO);
- Olorunsogo Generation Company Limited – situated in Olorunsogo in Ogun State of Nigeria with total gross installed capacity of 754 MW (at ISO);
- Omoku Generation Company Limited – situated near Port Harcourt in Rivers State of Nigeria with total gross installed capacity of 264.71 MW (at ISO);
- Omotosho Generation Company Limited – situated in Okitipupa local government area in Ondo State of Nigeria with total gross installed capacity of 512.82 MW (at ISO).
5. Each Bidder must be an experienced power generation company (i.e. a company that owns and/or operates utility size power plants). In case of a consortium at least one of the consortium members must be an experienced power generation company (the “Technical Partner”). The Technical Partner shall be responsible for providing operation maintenance and management services under a long term Agreement
6. Method of Application – Prospective Bidders should register their interest by completing the requisite forms online at www.nipptransactions.com or by printing and submitting the forms in person to NDPHC at the address below. Submissions via email in any form (e.g. scans) will not be accepted.
7. Upon receipt of interest from Prospective Bidders (as described in 6 above), NDPHC will issue a Pre-Qualification Package and an Information Memorandum via an online data room. These documents can also be picked-up in physical format from the NDPHC address below.
8. Prospective Bidders are required to submit their Expression of Interest by 5.00pm (Local Time) on June 28th, 2013 in accordance with instructions outlined in the Pre-Qualification Package. The address for physical delivery is:
Niger Delta Power Holding Company Limited
Attention: Managing Director
Address: 17 Nile Street, Maitama District, Abuja FCT, Nigeria
9. Upon receipt of Expressions of Interest from Prospective Bidders, NDPHC shall evaluate and pre-qualify bidders. Only short listed Bidders will be contacted.
10. Thereafter, Pre-Qualified Bidders will be issued a Request for Proposal (RFP) and other Bidding documents upon the payment of a non-refundable fee of $20,000 for each Generation Company in bank draft payable to the Niger Delta Power Holding Company Limited.
11. for further clarification or enquiries contact:
Niger Delta Power Holding Company Limited
Attention: Managing Director
Address: 17 Nile Street, Maitama District, Abuja FCT, Nigeria
Email: transactions@ndphc.net
Or the Transaction Adviser;
CPCS Transcom International Limited
Attention: Vice President, West Africa
Address: 15 Bucnanan Crescent, Wuse 2 District, Abuja FCT,
Nigeria
Email: info@nipptransactions.com
12. Road-show will be held in the following locations on the following dates. Lagos (May 8 – 9), London (May 15 – 16), New York (May 20 – 21), and Hong Kong (June 3 – 4). Venues for road-show will be posted on www.nipptransacttons.com as details become available.
13. Please note that this is not an invitation to tender. NDPHC shall not be responsible for the cost of any submission. All submissions shall be at the cost of the Prospective Bidders. NDPHC reserves the right to accept or reject any submission.
