FIVE FIRMS BID FOR AFAM, YOLA POWER COMPANIES

Written by on March 19, 2019

Five firms have submitted financial and technical bids to purchase 51 % stake in the Afam Power Plc – an electricity generation company – and Yola Electricity Distribution Company.

Head, Public Communications at the Bureau of Public Enterprises, Amina Othman, disclosed this in a statement made available to newsmen in Abuja yesterday.

Othman said that a total of five bids were received by the BPE last Friday, being the deadline for the submission of technical and financial proposals for the acquisition of the Generation Companies by their prospective core-investors.

Speaking on the development, the Director-General of BPE, Alex Okoh, assured the bidders that the evaluation of their bids would be subjected to the highest level of integrity culminating into the financial bids opening of the successful bidders.


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