Integrated Energy
Distribution and Marketing Limited, a firm in which the former Head of
State, Gen. Abdusalami Abubakar, is the chairman, is in
the lead to
acquire three of the juiciest electricity distribution companies in the
country.
The electricity distribution companies are Eko, Ikeja and Ibadan.
Integrated Energy
Distribution and Marketing was prequalified to take control of the
companies at the opening of bids submitted by 20 firms jostling for
controlling stakes in 10 electricity distribution companies put up for
privatisation by the Federal Government on Tuesday in Abuja.
Although frontline
bidders for the companies emerged, clear winners of the bids had yet to
emerge, as the rules for the bidding employed by the Bureau of Public
Enterprises prescribed that the bidders would still be subjected to
further tests.
Although some bidders
emerged top contenders in a number of companies, one of the rules states
that no company can be allowed to win more than two bids.
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