The Director General of the Bureau of Public Enterprises, BPE, Alex Okoh, has said that the Federal Government is prepared to invite investors to take stake in five National Integrated Power Plants (NIPPs) that has been put up for sale.
Okoh, yesterday explained that the move was in line with the bureau’s 2021 work plan as approved by the National Council on Privatisation (NCP) and would be strictly adhered to.
The plants are: Benin Generation Company Limited at Ihovba, Edo State; Calabar Generation Company Limited, Cross River State; Geregu Generation Company Limited, Kogi State; Olorunsogo Generation Company Limited, Ogun State; and Omotosho Generation Company Limited, Ondo State.
He said the evaluation committee constituted by the management of the bureau, which also includes nominees of the Niger Delta Power Holding Company (NDPHC), was trained by the adviser on Tuesday, June 29, 2021 and commenced work immediately on June 30, 2021.
It would soon present its report to the management and subsequently to the technical committee of the National Council on Privatisation for approval.