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Advisory services sought for the 1650 MW Makurdi hydropower plant in Nigeria

The Federal Government of Nigeria (FGN), through the National Council on Privatisation (NCP) and the Bureau of Public Enterprises (BPE), invites expressions of interest by 8 February from experienced technical advisers to provide transaction advisory services for the procurement of a concessionaire for the Makurdi hydropower plant, a 1650 MW project to be developed in the north central state of Benue, through a Swiss Challenge method of procuring an unsolicited project in a Public-Private-Partnership.

 The proposed project is an unsolicited project that was initiated by a private proponent, who has carried out a feasibility study and developed an Outline Business Case (OBC) that has been approved by the Infrastructure Concession Regulatory Commission (ICRC). The proposed project is designed to generate mean annual output of about 8672 GWh.

The transaction advisory service provider will evaluate the present status of the project and provide all necessary technical assistance to the FGN through the BPE and its various committees (Project Delivery Team (PDT) and Project Steering Committee (PSC)) in relation to the successful concession of the project. The technical adviser will, in addition to taking all necessary steps to ensure a successful conclusion of the transaction, specifically undertake the following tasks: (a) Carry out a detailed review of the Outline Business Case (OBC), assess the value for money and other baseline parameters and provide necessary advice on steps to be taken to procure the project successfully; (b) Review all relevant laws, regulations, and policies that could impact the successful concession of the project;  (c) Develop detailed concession plans along the lines of the strategic concession criteria determined by the PSC and the NCP;  (d) Conduct the bidding and concession marketing and processes necessary for attracting and maximising private sector participation in the process for selecting a concessionaire; (e). Propose a transaction structure that will be acceptable to the government and attract private interest; (f) Conduct a ‘Swiss Challenge’ competitive procurement process using a two stage approach of Request for Qualification (RfQ) and Request for Proposals (RfP); (g) Develop a Financial Model and evaluate the fiscal affordability of the project;  (h) Develop a detailed concession agreement document, and a Contract Management Tool for the project that will be of World Bank (WB) standard; ( i) Prepare a Full Business Case (FBC);  (j) Develop a contract management manual; and (k) Develop post-concession exit strategy options for the enterprise.

BPE requires that all firms responding to this request for expression of interest to have at least ten (10) years of relevant experience in advisory capacity (could be in concession or privatisation (either at the sell or buy side) etc); Proof of capabilities (with documentary evidence) specifically in carrying out the concession of a large hydroelectric power plant indicating number of years of experience and list of relevant transactions handled. This includes previous work on similar projects (preferably a greenfield PPP concession of a hydropower dam project) in developing countries within the past ten (10) years;  Proof of Alliances/Partnerships; Names and Curricula Vitae of Firm/Consortium’s executives who will be assigned to the services being applied for, including verifiable individual qualification and experience in similar assignments within the last ten (10) years;  and  a brief intended approach to the assignment (work plan and proposed timeline).

Submission of Expressions of Interest shall be accompanied by evidence of payment to the Bureau of Public Enterprises of a non-refundable fee of the Naira equivalent (at the prevailing official exchange rate on the day of payment) of US$ 2500. Instructions on how to pay the non-refundable fee are available on the official website of the Bureau of Public Enterprises (

Expressions of Interest must be submitted in one original and five copies with one e-copy (in a flash drive) in a sealed package clearly marked “(Expression of Interest: TA for the Concession of Makurdi Hydro Power Plant)” and addressed and delivered not later than 5pm (17.00 hours) local time on 8 February, to:

Alex A. Okoh , the Director General, Bureau of Public Enterprises, 11 Osun, Crescent, Off Ibrahim Babangida Way, Maitama District,  Abuja, FCT; E-mail:  For enquiries: please contact: Sutura Aisha Bello, Director, Infrastructure & PPP Department, Room 131, BPE, Abuja, Nigeria: E-mail:; Tel.: +234-(09)-94604450, +234-706 7875032.