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As part of meeting up the target of raising about N2tn from sale and concession of moribund national assets, the Bureau of Public Enterprises (BPE) is set to concession the 700 megawatts (MW) Zungeru hydro power station by the end of this year.
A recent invitation to potential transaction advisors, the bureau placed the percentage of work done at the power plant at 87, with the balance of work expected to be completed by December 2021 for its concession. t noted that the plant was expected to generate 2,630 gigawatts hour of electricity to the national grid per annum, adding that the successful transaction adviser would have to prepare it for the concession transaction.
“In furtherance of its programmes aimed at boosting electricity service provision in the country through the direct participation of the private sector the Federal Government of Nigeria, through the National Council on Privatisation (NCP) and the Bureau of Public Enterprises (BPE), hereby invites “Expressions of Interest” from prospective technical advisers to provide transaction advisory services for the process of concessioning its 100 per cent owned brand new 700MW Zungeru hydroelectric plant,” the document stated.
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