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Government Releases Final Transaction Documents - PHCN Privatization

Government Releases Final Transaction Documents - PHCN Privatization The Federal Government Friday released the final industry and transaction documents to the 152 potential investors interested in the privatisation of the

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قديم 05-12-2012, 01:47 PM
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افتراضي Government Releases Final Transaction Documents - PHCN Privatization

Government Releases Final Transaction Documents - PHCN Privatization

The Federal Government Friday released the Final industry and Transaction Documents to the 152 potential investors interested in the privatisation of the successor companies created from the unbundling of Power Holding Company of Nigeria (PHCN).

The bid documents, which were 13 in number, were yesterday sent to the potential investors.

The Transaction Documents included the Share Sale Agreement; Shareholders Agreement; Performance Agreement and Concession Agreement while the industry Documents consist of Gas Sale and Aggregation Agreement; Gas Transportation Agreement; Bulk Power Purchase Agreement (Thermal); Bulk Power Purchase Agreement (Hydro); Vesting Contract; Transmission Use of System Agreement; Grid Connection Agreement and Ancillary Services Agreement.

The Bureau of Public Enterprises (BPE) had on March 30, 2012 issued the revised industry and Transaction Documents to the bidders informing them that the privatisation agency expects to receive all comments on the Documents by April 20, 2012.

In the wake of bidders’ feedback, another meeting of all industry stakeholders was held in Abuja on May 5 and 6, 2012 to finalise the bidding documents.

Government Releases Final Transaction Documents - PHCN Privatization

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