As the deadline for the submission of bids for the Power Holding
Company of Nigeria (PHCN) GENCO and DISCO assets expired last Tuesday,
interested firms have implored the Federal Government to extend the time
frame in order to ensure proper participation of companies.
The bidders who made this appeal in letter to the Director-General,
Bureau of Public Enterprise Ms Bolanle Onagoruwa at the weekend noted in
dismay that of the one hundred and eleven pre-qualified bidders for the
PHCN successor distribution companies, only fifty-four of them
successfully submitted their bids within the time.
Against this backdrop, the bidders urged the Presidency, the National
Council in Privatisation (NCP) and the Bureau of Public Enterprises
(BPE) to jointly reconsider granting a 48-hour concessionary timeline
that will elapse 5 p.m. August 31, 2012.
According to them, such gesture will give the pre-qualified bidders
for the six generating companies and the eleven distribution firms as
announced by the BPE at the pre-qualification stage the opportunity to
make and/ or complete their submissions.
The group expressed fear that of the 25 bidders who submitted for the
GENCOS, about 14 of them representing 56% may be disqualified for lack
of complete documentation including but not limited to the required bid
bonds.
A breakdown of the bidders, showed that across board, each of the
GENCOS recorded a submission rate of 60% as Ughelli Genco which recorded
56% tops the list.
Conversely, the bidders disclosed that the Shiroro Genco recorded
only one submission by all regards a failed bid ab-initio.
The bidders posited that the total population of EOI’s harvested for
both the successor generating and distribution companies amounted to 190
but only 79 of them submitted their bids, adding that this translates
to a submission rate of 41.5 per cent.
They however averred that global standards suggest that for such a
process to be considered effective and truly competitive, at least a 60%
submission rate should be recorded in a best scenario and at worst 50
per cent.
“In individual successor company terms, at least five bidding
companies and at worst three should be evaluated for positions of
“preferred,” ‘reserved’ and ‘alternate.’ They said that this allows for
proper evaluation flexibility.
The bidders stated that the deadline for the submission of the bids
for the DISCOs was 5p.m. last Tuesday and various consortium along with
other bidders missed the time limit by just seven minutes with very
valid reasons.
They recalled with pain that the conditions for the bid were
constantly being changed by the personnel managing the process for the
Bureau, adding that this was evidenced by the multiple deadlines set by
the Bureau.
“With every change came the onerous tasks of adjustments and
re-strategising and the consequent toll it took on the participating
firms,” they said.
The bidders also lamented the non existence of multiple collection
centres as would have been expected for investment of this magnitude as
what recently obtained in the energy sector.
In the light of the above, the bidders enjoined the Federal
Government to ensure that the power sector becomes vibrant once again by
allowing the participation of credible Nigerian companies who have
demonstrated genuine capacity to deliver in the face of daunting
economic challenges in the company.
The bidders however stated that the country as a whole has so much at
stake by ensuring that Nigeria’s destiny is in the hands of Nigerians
rather than foreigners.
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