Tuesday, 7 August 2012

Oando, Honeywell to buy PHCN distribution companies

Oando Consortium and Honeywell Energy Resources are among the 54 companies that have tendered their request to buy the eleven distribution companies from the unbundling of Power Holding Company of Nigeria (PHCN).

The Bureau of Public Enterprises (BPE) said yesterday that the companies met the July 31 deadline for the submission of technical and financial proposals for the privatisation of the eleven distribution companies.

A statement from the spokesman of BPE Chukwumah Nwokoh said other companies that met the deadline include; Skipper Nigeria Ltd; NAHCO Power Consortium; KANN Consortium Utility Company Ltd; Interstate Electrics Ltd; and ENL Consortium Ltd.

Others are Southern Electricity Distribution Company; Cable & Rods Company Nigeria Ltd; Copper Belt Consortium;  Rockson Engineering Company Ltd;  RENSMART Power Ltd; Duncan Freeman Company/Draytom Energy Ltd; and  Vigeo Power Consortium, among others.

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