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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