ABUJA — The Bureau of Public Enterprises, BPE, said it had received expressions of
interest from six companies as consultants on the sale of state-owned
power generation and distribution companies to private investors.
The companies include Goldman Sachs Group Inc., Standard Chartered Plc, a joint bid from Lazard Ltd. and United Bank
for Africa Plc, and the African Finance Corp.
The Abuja-based BPE said in an e-mailed statement, yesterday, that Goldman’s expression of
interest was submitted jointly with Lagos-based, Stanbic IBTC Bank Plc.
The bureau explained that the companies were meant to act as transaction
advisers and that their selection was quality based, and from a pool of
such companies in its kitty offering such services.
President Goodluck Jonathan, while unveiling the new Power Road Map in Lagos last
week, said government would go ahead with the privatisation of the
generation and distribution arms of the power sector, but would retain
control of the transmission, even as it would be privately managed.
The move and a host of others were part of the new revolution that is expected to revamp the power sector and guarantee sustainable power supply to Nigerians, while also boosting economic developmen
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