Nigeria News

NAME OF COMPANIES THAT BOUGHT NIGERAIS ELECTRICITY ASSETS AND HOW MUCH THEY PAID TO ACQUIRE THEM

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DISCOS OWNERS
Owners of Electricity Assets in Nigeria (including the money they paid to the GEJ government)
1. Transcorp/Woodrock Consortium (Ughelli Power Plant)
Mr. Tony Elumelu, Mr. Obinna Ufudo (CEO, Transcorp Group) Mr. Adeoye Fadeyibi
$300 million :Power Generation
2. Amperion Power Distribution Limited (Geregu Power Plant)
Mr. Femi Otedola (Chairman, Forte Oil), Mr. Akin Akinfemiwa (CEO, Forte Oil)
$132 million
Power Generation
3. Mainstream Energy Solutions Limited (Kainji Hydro Electric Plant and Jebba Hydro Station)
Col. Sani Bello (Chairman, Mainstream), Alhaji Ismaila Isa (Vice Chairman, Mainstream), Brig Gen. Tunde Ogbeha (Director, Mainstream)
$170 million
Power Generation
4. North South Power Company Limited
(Shiroro Power Station)
Eng. Olubunmi Peters
$111.7 million
Power Generation
5. KEPCO Energy Resources Limited
(Egbin Power Station)
Mr. Tonye Cole (CEO, Sahara Energy Group), Mr. Tope Shonubi
$407.3 million
Power Generation
6. NEDC/KEPCO Consortium
Asset: Ikeja Electricity Distribution Company
Cost: $131 million
Mr. Kola Adesina (Chairman NEDC/KEPCO), Mr. Tonye Cole (CEO, Sahara Energy Group), Mr. Tope Shonubi (Executive Director, Sahara Energy Group)
$131 million
DISCO
7. Vigeo Power Limited
Asset: Benin Electricity Distribution Company
Mr. Victor Gbolade Osibodu (Chairman, Vigeo Holdings) Mrs. Funke Osibodu (CEO, Vigeo Power)
$129 million
DISCO
8. KANN Utility Consortium Company Limited
Asset: Abuja Electricity Distribution Company
Alhaji Shehu Malami (Chairman, KANN Consortium), Mr. Neil Croucher (CEO, KANN Consortium)
$164 million
DISCO
9. Sahelian Power SPV Limited
Asset: Kano Electricity Distribution Company
Alhaji Yusuf Hamisu Abubakar (CEO, Sahelian Power), Alhaji Umaru Mutallab (Chairman, Sahelian Power)
$102 million
DISCO
10. 4Power Consortium Limited
Asset: Port Harcourt Electricity Distribution Company
Mr. Augustine Nwokocha (Chairman, 4Power Consortium), Governors of Bayelsa, Cross River, Akwa Ibom and Rivers State
$124 million
DISCO
11. Integrated Energy Distributing and Marketing Limited
Asset: Ibadan Electricity Distribution Company, Yola Electricity Distribution Company
Gen. Abdulsalami Abubakar (Chairman, Integrated Energy), Mr. Tunde Ayeni (Vice Chairman, Integrated Energy), Dr. Sola Ayandele (CEO Integrated Energy)
$126.75 million
DISCO
12. Interstate Electrics Limited
Asset: Enugu Electricity Distribution Company
Sir Emeka Offor (Chairman, Interstate Electrics Limited)
107.4 million
DISCO
13. West Power and Gas Limited
Asset: Eko Electricity Distribution Company
Mr. Charles Momoh (Chairman, West Power and Gas), Dr. Tunji Olowolafe (Director, West Power and Gas), Mr. Ernest Orji (Director, West Power and Gas)
$135 million
DISCO
14. Aura Energy Limited
Asset: Jos Electricity Distribution Company
Alhaji Garba Mohammed Noma,
$82 million

 

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