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Thursday, September 27, 2012
Power: Consortium denies link with IBB
Barely 24 hours after the Bureau of Public Enterprises (BPE)conducted bids for the Power Holding Company of Nigeria (PHCN), one of the preferred bidders, North South Power Company Limited, yesterday condemned the news linking former military President, General Ibrahim Babangida, with it.
In a statement made available to The Nation yesterday, the management said the consortium was neither backed nor sponsored by the former president as widely reported in the media.
The statement, signed by Dr. Olubunmi Peters on behalf of the management, listed four companies registered in Nigeria and another one registered in theUS as well the Niger State Government, as members of the consortium.
The companies are XS Energy Limited (Nigeria), BP Investment Limited (Nigeria), Urban Shelter Limited (Nigeria), Transatlantic Development and Investment Company (United States), Roads Nigeria Plc (Nigeria), and Niger State Government.