The Federal Government has reopened discussions with the preferred bidders for three of the 10 power plants built under the National Integrated Power Project (NIPP) and supervised by the Niger Delta Power Holding Company (NDPHC) Limited, The Nation reports.
The power plants and their installed capacities are Calabar in Cross River State, 634megawatts (Mw), Geregu in Kogi State (506.1Mw) and Omotosho plant in Ondo State (512.8Mw). A source, who chose to remain anonymous, said each power plant would be sold in accordance with its peculiarities. The source also added that the government is discussing with the preferred bidders from the earlier exercise; EMA Consortium, Seoul Electric Power Limited and Omotosho Electric Power respectively.
The NDPHC, a special purpose vehicle, established by the Federal Government to fast-track the achievement of stable power supply, built 10 medium-sized thermal power plants but was able to successfully market seven to investors globally in 2014 during the President Goodluck Jonathan led administration. The others were not billed for privatisation due to litigation.