Nigeria plans to concession the new 700MW Zungeru Hydroelectric plants, according to the Bureau of Public Enterprises (BPE), which now seeks to hire a Technical Advisor on the concession process.
Nigeria plan concession of Zungeru hydro plant
The BPE, in a public notice, said it’s seeking expression of interest from prospective technical Advisor to provide transaction advisory services for the process of concessioning of its 100 owned percent brand new 700 MW Zungeru Hydroelectric plants.
The BPE said the Zungeru Hydroelectric Plant was designed to generate 2,630 GWh per annum and has currently exceeded 87 percent overall completion would be ready for use by December 2021.
Once complete, Zungeru will be the largest power station in Nigeria, according to developers.
“The transaction advisory service provider will evaluate the present status of the company in relation to; due diligence review of the enterprise and the activities necessary to prepare it for the subsequent concession transaction.
“Review all relevant laws, regulations, policies that could impact eh successful concession of the enterprise.
“Develop concession strategies that would attract world class investors’ interest; develop detailed concession plans for the enterprise along the lines of the strategic concession criteria determined by the NCP.
“Conduct the marketing and bidding processes necessary for the maximising private sector participation in the concession of the enterprise,” the BPE said in the statement.
The Zungeru hydropower project,which will cost $1.3 billions expected to provide power generation, flood protection and water for irrigation.
The project includes a roller-concrete compacted dam (90 meters in height and 1,090 meters in length), an intake tower and diversion tunnel, underground powerhouse, power transmission line and access road.