About 19 companies have indicated interest to acquire Afam Power Company and Yola Power Distribution Company (YPDC) recently put up for sale by the federal government.

The Bureau of Pubic Enterprises (BPE) spokesperson, Amina Tukur, said at the close of the submission of bids for the Expression of Interest (EOIs) for the two power companies, that seven bids were received from companies interested in acquiring Afam against 12 for the Yola distribution company (DISCo).

Ms Tukur said the requests by prospective bidders were collated shortly after the 1 p.m. deadline set for the submission of EoIs for the two companies on Tuesday, September 26.

The BPE spokesperson said the evaluation committee earlier set up by the bureau to scrutinise the bids was inaugurated by the director of energy, Yunana Malo, to commence work immediately after the expiry of the deadline.

Source: Premium Times