The Bureau of Public Enterprises (BPE) has advised the 49 applicants that expressed interest in Afam Power Plc and Kaduna Distribution Company to comply with the terms of Request for Proposals.
In a statement yesterday, the Bureau said it would not tolerate non-compliance with the privatisation guidelines.
It quoted Mr Benjamin Dikki, the acting Director-General of BPE, as saying at the pre-due diligence conference on Monday in Abuja that bids submitted late would be rejected.
Dikki said that proposals not submitted in substantial compliance to the Request for Proposals would also be neglected.
It said that 30 applicants bided for Afam Power Plc, while 19 applicants showed interest in Kaduna Distribution Company.
The statement also quoted the Minister of Power, Prof. Chinedu Nebo, as saying that the principles of transparency and level-playing field would guide the privatisation process.
Nebo said that President Goodluck Jonathan’s administration had drawn a roadmap that would drive the power sector.
The minister said that power outage would be a thing of the past when the ongoing privatisation process is completed.
Other dignitaries at the conference were the Minister of State for Power, Hajia Zainab Kuchi, and the chairman, Technical Committee of the National Council on Privatisation, Mr Atedo Peterside.
Afam Power Plc and Kaduna Electricity Distribution Plc are among the 17 PHCN successor companies that were advertised for sale in December 2010.