Nigerian Government Moves To Sell Five Electricity Power Plants

The Nigerian government through the bureau of public enterprises is currently working on modalities that will bring about smooth process that will facilitate the sale of five power plants in the country under the national integrated power projects at a cost of about $1.15billion .

Though there are indications that the cost of the plants should exceed $5billion based on international benchmarks, reports however suggests that, the BPE was planning to sell the facilities at a price a little above $1.1billion .

The five possible plants to be put out for sale include, 434megawatts gas-fired geregu 2 power plant located in kogi, 451MW omotoso 2 plant in ondo state, 750MW plant in olorunshogo 2 in Ogun State, others according to reports include, 563MW odukpami power plant in Calabar, and the 451MW Benin-ihovbor plant in Edo state.