Tuesday 25 September 2012

Transcorp emerges preferred bidder as NCP announces bids for PHCN


The Financial Bids Opening Ceremony for Power Holding Corporation of Nigeria generating plants began Tuesday as Transcorp and Wood Rock/Symbion Power/Medea/PSL/Thomasen emerged the highest bidders for the Ughelli Power Company with $300million.

The consortium emerged the preferred company passing others like the Amperion Power Distribution Consortium, which offered $252million to emerge the reserve bidder and Feniks Electricity Consortium, which offered only $54million.


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