5 bidders pay $156.50m for PHCN successor companies

The power reform is progressing as five bidders have so far paid $156.50 million to the Federal Government being the mandatory 25 percent of the bid value of the PHCN successor companies they have indicated interest to acquire. They are Amperion Power Company Limited, the preferred bidder for Geregu Power Plc which paid $33 million;…

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