Released April 18, 2013 | JOHANNESBURG
en
Written by Richard Finlayson, Senior International Editor for Industrial Info Resources--(Sugar Land, Texas)--Nigeria's government has advanced its plans to find strategic investors to purchase 80% stakes in 10 thermal power plants sited around the country. Many of these plants were built under the National Integrated Power Project (NIPP).
The sale reflects the objectives of the Niger Delta Power Holding Company (NDPHC), a special purpose company owned by the three tiers of the Nigerian government. Prospective investors will bid for 80% stakes in the power stations.
The NIPP was initiated in 2004 as a fast-track, government-funded initiative to stabilize Nigeria's electricity supply system while the Electric Power Reform Act (EPSRA) of 2005 took effect. The NIPP was initially designed around seven medium-sized, gas-fired power stations in gas-producing states, with the critical transmission required to evacuate the added power onto the national grid.
The NDPHC has ruled that the qualifying parameters for prospective investors are that they must be an experienced power generation company that owns and/or operates utility-sized plants. In the case of a consortium, at least one of the consortium members must be an experienced power generation company. The technical partner will be responsible for providing operation, maintenance and management services under a long-term agreement.
The combined installed capacity of the 10 power stations is 5,152.63 megawatts (MW). This installed capacity is more than the total power available on the national grid on a daily basis, which indicates refurbishing and heavy maintenance will be involved on most units.
NDPHC says that prospective bidders should register their interest by completing requisite forms online at http://www.nipptransaction.com/, or submit them to the Abuja office, before June 28, 2013.
For related information, see January 28, 2013, article - Gap Between Installed Power capacity and Actual Generation Crimps Nigeria's Targets.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, and eight offices outside of North America, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
The sale reflects the objectives of the Niger Delta Power Holding Company (NDPHC), a special purpose company owned by the three tiers of the Nigerian government. Prospective investors will bid for 80% stakes in the power stations.
The NIPP was initiated in 2004 as a fast-track, government-funded initiative to stabilize Nigeria's electricity supply system while the Electric Power Reform Act (EPSRA) of 2005 took effect. The NIPP was initially designed around seven medium-sized, gas-fired power stations in gas-producing states, with the critical transmission required to evacuate the added power onto the national grid.
The NDPHC has ruled that the qualifying parameters for prospective investors are that they must be an experienced power generation company that owns and/or operates utility-sized plants. In the case of a consortium, at least one of the consortium members must be an experienced power generation company. The technical partner will be responsible for providing operation, maintenance and management services under a long-term agreement.
The combined installed capacity of the 10 power stations is 5,152.63 megawatts (MW). This installed capacity is more than the total power available on the national grid on a daily basis, which indicates refurbishing and heavy maintenance will be involved on most units.
NDPHC says that prospective bidders should register their interest by completing requisite forms online at http://www.nipptransaction.com/, or submit them to the Abuja office, before June 28, 2013.
For related information, see January 28, 2013, article - Gap Between Installed Power capacity and Actual Generation Crimps Nigeria's Targets.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, and eight offices outside of North America, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
