FGN INVITES EXPRESSIONS OF INTEREST FOR CORE INVESTORS IN RESPECT OF AFAM AND YOLA POWER ASSETS

In continuation of the wholesale privatization of the key power infrastructure assets which began in 2006 with the horizontal unbundling of the Power Holding Company of Nigeria Plc (PHCN), and the subsequent handover of the successor companies to private investors in 2013, the Federal Government of Nigeria (FGN) through the National Council on Privatisation (the NCP), has invited requested expressions of interest (EoI) from core investors in respect of the sale of Afam Power Plc, Afam Three Fast Power Limited and Yola Electricity Distribution Company Plc (YEDC). By this invitation, the NCP is placing the government owned assets back on the market through a fresh privatization round.

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