Nigeria signed deals for the sale of 15 state power companies to buyers including Siemens AG (SIE), Korea Electric Power Corp. (KEP) and Transnational Corp. of Nigeria Plc, the West African nation’s privatization agency said.
The buyers now have 15 days to pay 25 percent of the amounts they bid, the Abuja-based Bureau of Public Enterprises said today in an e-mailed statement. The Nigerian government sold 10 power distributors and five generation companies in September and October. Full payment is due within 90 days.
