The Federal Government has given the Bureau for Public Enterprises (BPE) the go ahead to privatise the Afam Power Generation Company Plc and the Yola Distribution Company.
The Federal Government’s approval came through the National Council on Privatisation (NCP), a statement said yesterday.
The statement further said the Afam Three Fast Power Limited (ATFPL), referred to as Afam GenCo, would be sold through competitive bidding. It said the GenCo consisted of Afam 1 – 5, with an original installed capacity of 987 MW. BPE stated that upon receipt of Expression of Interest from interested investors, the BPE would evaluate and pre-qualify applicants.
Similarly, the Federal Government, through the NCP, has approved the privatisation of the Yola Electricity Distribution Company (Yola DisCo), which is 100 per cent owned by the Federal Government, through competitive bidding to be managed by the BPE.
