Tata Power Delhi Distribution (TPDDL), a subsidiary of Tata Power, has submitted bid for three power distribution companies in Nigeria.
The Nigeria Government had decided to privatise 11 state—owned distribution companies as part of reforming the power sector and a total of 54 companies had bid for them out of which 21 firms including TPDDL have cleared the technical evaluation process. TPDDL has formed two separate consortiums with two companies in Nigeria. The total investment required in three discoms has been estimated at $900 million (approx Rs 1,560 crore). The company has put in bids for Eko and Ikeja discoms as a member of Oando consortium and for Benin discom, the company has formed a consortium with Viego Holding.
The companies which cleared the technical qualification round in the bidding process include Honeywell, Integrated Energy, West Power and Gas, Rensmart Power and Rockson Engineering, most of which operate in various countries.