Power Supply:100% 100% Acquisition Of AFAM GENCO Shares - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (J.T)
April 16, 2019
The Federal Government has grantedapproval to three consortia to participate in the financial bids opening forthe acquisition of 100 per cent shares in Afam Electricity Generation Company.
A statement by Head, PublicCommunications, Bureau of Public Enterprises Amina Othman, in Abuja, said thatthe National Council on Privatisation, NCP gave the approval after its firstmeeting in 2019, held on April 12th.
The companies were Diamond StripesConsortium, Transcorp Power Consortium and Unicorn Consortium.
According to her, the threeconsortia met the benchmark score of 750 points after evaluation in accordancewith the criteria set out in the Requests for Proposal.
She said that other decisions takenby the council included approval for Quest Electric Nigeria Limited to proceedto the financial bids opening stage for the re-privatisation of the YolaElectricity Distribution Company.