Core Investors for Thermal Power Stations and Concessions of Hydro Power Stations at National Council on Privatisation

Federal Republic of Nigeria

National Council on Privatisation

Invitation for Expressions of Interest for Core Investors for Thermal Power Stations and Concessions of Hydro Power Stations

1. The Federal Government of Nigeria owned electricity utility has been unbundled into generation and distribution companies and a transmission company to encourage private sector participation and attract foreign and local investment into the Nigerian electricity sector to ensure economic and reliable electricity supply.
2. Pursuant to the National Electric Power Policy (NEPP) 2001 and the Electric Power Sector Reform Act (EPSRA) 2005, the Federal Government of Nigeria, through the National Council on Privatization (NCP) and its Secretariat, the Bureau of Public Enterprises (BPE), has embarked upon the reform and privatization of the companies created following the unbundling and restructuring of the electricity industry.
3. As part of this exercise, the NCP/BPE, on behalf of the Federal Government of Nigeria, hereby invites prospective core investors to express interest in the thermal power stations and as concessionaires for the hydro power stations.
4. The transactions, to be conducted through International Competitive Bidding (ICB), will cover the following companies:

Thermal Power Generating Companies:

• Ughelli Power Plc – situated in Delta area in South-South region of Nigeria with a total installed capacity of 972 MW;
• Geregu Power Plc- situated in Kogi State in North Central Nigeria with a total installed capacity of 414 MW;
• Afam Power Plc comprising of Afam I-V power stations located in Rivers State in South-South Nigeria with an installed capacity of 776 MW; and
• Sapele Power Plc located in Sapele, Delta State in South-south Nigeria with an installed capacity of 1020 MW.

Hydro Power Generating Companies:

• Kainji Power Plc comprising Kainji Power Plants and Jebba Power Plants located in Niger and Kwara States respectively in North-Central Nigeria; and
• Shiroro Power Plc located at the Shiroro Gorge, Niger State in North-Central Nigeria.

1. Potential bidders/concessionaires should be existing local and/or international power generators or investors with power generators as long-term technical partners, will be responsible for operating the station, improving the generation capacity and making the necessary investments in line with the objectives of the Federal Government of Nigeria set out in the NEPP.
2. Method of Application – Potential bidders should indicate their interest by providing the following documentation and information under the subject headings specified:

• Full name of company and contact person, postal address, telephone/fax numbers, and e-mail addresses.
• Ownership structure of company: name(s) of major shareholders and percentage shareholding.
• Audited financial statements of the bidding company or members of the core investor groups for the past three (3) years and most recent management accounts.
• Technical and operational capabilities:

1. Years of experience in generating plants, especially experience in Thermal/Hydro Power Stations;
2. Evidence of similar plant(s) owned/operated around the world especially in developing economies; and
3. Evidence of ample financial resources.

1. Upon receipt of Expressions of Interest from interested investors, the BPE shall evaluate and pre-qualify applicants.
2. Thereafter, ore-qualified bidders will be issued a Request for Proposal (RFP) and other bidding documents upon the payment of non-refundable fee of $20, 000 in bank draft payable to the Bureau of Public Enterprises.
3. Interested parties shall indicate in order of priority, which company (ies) they are interested in
4. 10. An original and five (5) other copies of Expressions of Interest shall be delivered in a sealed envelope clearly marked “EOI Thermal Power Stations Transaction” or “EOI Hydroelectric Power Stations Transaction” at the top right hand comer and delivered to the address below on or before 18^th February, 2011 by 17Hrs. local time (16Hrs. GMT).

Ms. Bolanle Onagoruwa

Director General

Bureau of Public Enterprises (BPE)

11 Osun Crescent, off IBB Way

Maitama, Abuja – Nigeria, at Room 131

Tel: 234-9-4604400

E-mail: bonagoruwa@bpeng.org

Attention: Mr. Chigbo Anichebe

Ag. Director, Electric Power Department

Tel: 234-94604433

For further clarification or enquiries, contact:

Mr. Amaechi C. Aloke

Project Manager

Electric Power Department

aaloke@bpeng.org or aaloke2000@gmail.com

Tel: 234-8057776422

Or the Transaction Advisers, CPCS Transcom, E-mail: abuja@cpcstrans.com

1. For information on upcoming investors’ fora and other instructions, applicants are advised to regularly visit any of the following websites: www.bpeng.org, www.cpcstrans.com, or the dedicated www.nigeriaelectricityprivatisation.com

Please note the following: –

• Prospective bidders may express interest in more than one company;
• The name of the prospective bidder must be stated on the envelope;
• Submissions made by e-mail / late submission will be rejected; and
• Only short listed firms will be contacted.

Share on Facebook