At least 30 investors have indicated
interest in 10 Nigerian power plants put up for sale by the government, an
official in charge of the process said.
Africa's most populous country is
offering as much as 80 percent of its shares in thermal power plants located
across the country, James Olotu, chief executive officer of Niger Delta Power
Holding Co. of Nigeria, which owns the facilities, said today in a phone
interview from Abuja.
"We have organizations showing
interest from all parts of the world," he said without giving further
details.
Jointly owned by the federal, state
and local governments, the power companies were set up from 2004 as a special
intervention to boost gas-fueled electricity output.
With combined installed capacity at
more than 5,000 megawatts, they include the 850-megawatt Alaoji Generation Co.
near the southeastern city of Aba, the 754-megawatt Olorunsogo Generation Co.
in the southwest and the 634-megawatt Calabar Generation Co. on the
southeastern coast.
Nigeria sold as much as 60 percent
stakes in 10 electricity distributors and five power generators that were part
of the former state monopoly on Feb. 22 under a plan to increase output with
private investment.
Blackouts are a daily occurrence in
Africa's top oil producer where electricity demand is almost double the supply
of about 5,000 megawatts.
Buyers included Siemens AG (SIE),
Korea Electric Power Corp. (015760) and Transnational Corp. of Nigeria Plc, the
West African nation’s privatization agency said.
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