By Ndubuisi Francis in Abuja
The Bureau of Public Enterprises (BPE) has received five bids and proposals for the acquisition of the Yola Electricity Distribution Company (YEDC) and Afam Electricity Generation Company (Afam Power Plc & Afam Three Fast Power Limited) by prospective core-investors.
QuestElectricity Nigeria Limited and Sandstream Nigeria submitted proposals to acquire the Yola Disco while DiamondStripes Consortium, Unicorn Power Generation Consortium and Transcorp Power are bidding to acquire the Afam Genco.
Sandstream submission was however found to be non-responsive as it failed to include a bank guarantee in line with the requirements in the Requests for Proposal (RfPs).
Consequently, the representative of the firm took the bid back, the BPE said in a statement issued by its Head, Public Communications, Amina Tukur Othman.
Speaking at the event, the BPE Director General, Mr. Alex Okoh, assured the bidders that the evaluation…
