DEADLINE: 30TH JUNE, 2021
BUREAU OF PUBLIC ENTERPRISES (BPE)
NATIONAL COUNCIL OF PRIVATIZATION
SECRETARIAT: BUREAU OF PUBLIC ENTERPRISES
INVITATION FOR EXPRESSION OF INTEREST FOR THE ACQUISITION OF FIVE (5) NATIONAL INTEGRATED POWER PROJECT (NIPP) PLANTS
(1) In continuation of the ongoing reforms of the Nigerian Electricity Supply Industry and consistent with the Nigerian Electric Power Policy and Electric Power Sector Reform (EPSR) Act 2005, Board of Directors of Niger Delta Power Holding Company (NDPHC) and the National Council on Privatisation has approved the sale of five (5) generation companies located in Kogi, Edo, Cross River, Ondo and Ogun (constructed under the National Integrated Power Project (NIPP)), through a Competitive Bidding process.
(2) These five in-service generation plants are known and referred to as: Geregu Generation Company Ltd; Benin(lhovbor) Generation Company Ltd; Calabar Generation Ltd; Omotosho Generation Ltd; and Olorunsogo Generation Company Ltd respectively have the following gross installed capacities at ISO conditions; 506MW, 507MW, 634MW, 513MW and 754MW respectively.
(3) As part of this exercise, the BPE, on behalf of the NDPHC hereby invites Prospective Investors to express interest in purchasing 100% shareholding in ANY generation company. Prospective Investors are expected to submit separate Expressions of Interest (Eol) for each Generation Company.
(4) Each Bidder must be an experienced power generation company (i.e. a company that owns and/or operates utility size power plants). In case of a consortium at least one of the consortium members must be an experienced power generation company (the “Technical Partner”). The Technical Partner shall be responsible for providing operation, maintenance and management services under a long term Agreement.
(5) Method of Application – Prospective Bidders should register their interest in writing on the company letterhead duly signed by the authorized person. The original should be submitted in person or mailed to BPE address. The interest letter should also include at least the following information:
(a) Full name of the Prospective Investor postal/contact address, telephone/mobile, e-mail and contact person.
(b) A description of main business activity.
(c) Intangible Net Worth.
(6) Prospective Bidders will be issued a Pre-Qualification Instructions and Criteria document as well as an abridged Information Memorandum. Such interested bidders are requested to contact the Bureau through this email; nipp@cpcsventures.ca
(7) Method of Submission of Expression of Interest:
An original and five (5) other printed copies of Expression of Interest and one digital copy in PDF format stored on a readable digital media, contained in one sealed envelope and the cover of the envelope clearly marked with the name of the Prospective Investor shall be delivered by hand to the under mentioned name and address clearly marked “EOI NIPP (Plant Name) Transaction” at the top right-hand corner not later than Wednesday, June 30, 2021 by 1.00pm Local time.
Mr. Alex A. Okoh
Director General Bureau of Public Enterprises
11 Osun Crescent,
Off IBB Way Maitama, Abuja – Nigeria
Attention: Mr. Yunana Malo
Director, Energy Department
Tel: 234-9-4604477
E-mail: YMalo@bpe.gov.ng
(8) Submissions made by e-mail and or late submissions will be rejected.
(9) Upon receipt of Expressions of Interest from Prospective Bidders, BPE and other stakeholders shall evaluate and pre-qualify bidders. Only short-listed Bidders will be contacted.
(10) Thereafter, pre-qualified Prospective Investors will be issued a Request for Proposal (RFP) and other Bidding Documents upon the payment of non-refundable fee of USD$20,000 OR its NAIRA (CBN Rate) Equivalent into the Bureau of Public Enterprises (BPE) Treasury Single Account (TSA) at the prevailing Central Bank of Nigeria Exchange Rate.
Further clarifications or inquiries should be addressed in writing to Mr. Yunana Malo (as above) and copied to nipp@cpcsventures.ca
DISCLAIMER: This Invitation for Expression of Interest does not in any manner constitute an agreement or an offer of the NIPP assets to Prospective Investor(s). BPE or NDPHC shall not be responsible for the cost of any submission. All submissions shall be at the cost of the Prospective Bidders. BPE reserves the right to accept or reject any submission.
SIGNED:
AMINA TUKUR OTHMAN
HEAD, PUBLIC COMMUNICATIONS
