The Bureau of Public Enterprises (BPE) has named the preferred bidders for some of the five power generation plants that are to be privatised.
A consortium which included Transcorp PLC was the highest bidder for the Ughelli Power Company, with an offer of $300 million, the Bureau of Public Enterprises said at a ceremony in Abuja.
The bid for Geregu Power plant has won with a bid of $132 million by a group which includes Forte Oil, a petrol firm owned by billionaire oil tycoon Femi Otedola.
The bidding for the remaining power plants is still on going in Abuja.
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