What are the implications and precedents for this sort of action by these 4 states? Will Vigeo be singled out or will the whole process be subjected to some sort of judicial review?
The Governors of Edo, Delta, Ekiti and Ondo on Thursday rejected the announcement of Vigeo Power Distribution as the successful bidder for the Benin Distribution Company by the Bureau of Public Enterprises (BPE).
The states are investors in the Southern Electricity Distribution Company which lost out in the bidding process.
The Chairman of the Technical Committee, National Council on Privatisation (NCP), Atedo Peterside, had on Tuesday during the opening of the commercial bids of the privatization of Power Holding Company of Nigeria, announced Vigeo as the successful bidder claiming the committee adopted Aggregate Technical Commercial and Collection loss Reduction as the basis for choosing the preferred bidder for the Benin Distribution Company.
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