Preferred concessionaire emerges For Zungeru Hydroelectric Power
| The request by the Bureau of Public Enterprises (BPE) for the sale of some properties belonging to the defunct Nigerian Telecommunications and Mobile Telecommunication (NITEL/MTEL) has been approved by the National Council on Privatisation (NCP). The property, which is located at Nos. 3-5 Moloney Street, Lagos, and currently housing the Nigerian Postal Service (NIPOST), has been approved for sale to the Lagos State Government for N2.5 billion. At the second meeting of the year on Tuesday presided over by Vice President Yemi Osinbajo, the Council also directed the BPE to conduct a nationwide audit of NIPOST properties to ascertain their current state and identify any forms of encroachment on them. Also, during the meeting, the Council approved the appointment of Mainstream Energy Solutions Limited (MESL) as the preferred bidder for the concession of the Zungeru Hydroelectric Power Plant. |
| The meeting also approved the commencement of the process of negotiations and the execution of the concession agreement with Mainstream Energy Solutions Limited. The Director General of the Bureau for Private Enterprises, Alex Okoh, who serves as the head of the NCP Secretariat, said these approvals were some of the highlights of the Council meeting held at the Presidential Villa. Okoh said BPE had presented a memo seeking the Council’s approval of Mainstream Energy Solutions Limited as the preferred bidder in the concession of the Zungeru HydroElectric Power Plant. He said Mainstream Energy Solutions Limited was chosen among 11 other companies after a technical evaluation of the bids by the Bureau and other stakeholders. After deliberations by members, made up of representatives from both public and private sectors, Okoh said the Council approved BPE’s recommendations. NCP members in attendance at the meeting included the Minister of Finance, Budget & National Planning, Zainab Ahmed, who is also the Vice Chair of the council; Ministers of Power, Abubakar Aliyu; Water Resources, Suleiman Adamu; Industry, Trade and Investment, Niyi Adebayo, and the Special Adviser to the President on Economic Matters, Adeyemi Dipeolu, among others. |
