August 21, 2014 8:11 PM ET

Electric Utilities

Company Overview of Integrated Energy Distribution And Marketing Limited

Company Overview

Integrated Energy Distribution And Marketing Limited distributes and markets electricity in Nigeria. The company was incorporated in 2006 and is based in Lagos, Nigeria.

5, Glover Road

Ikoyi

Lagos,  101233

Nigeria

Founded in 2006

Phone:

234 12702334

Key Executives for Integrated Energy Distribution And Marketing Limited

Project Director and Director
Compensation as of Fiscal Year 2014.

Integrated Energy Distribution And Marketing Limited Key Developments

Bid For Kaduna Electricity Delayed Due To Lack Of Bids

The National Council on Privatization (NCP) will open the commercial bids submitted by investors, which include Oando PLC, Honeywell Energy Resources, Integrated Energy Distribution And Marketing Limited and Vigeo Holdings Limited. The investors were prequalified on September 18, 2012 to have their commercial bids opened for the 10 distribution companies (discos) as part of the privatization program. The sale of Kaduna Electricity Distribution plc has been deferred as none of the bidders were prequalified to move to the next stage of the bidding process. The NCP approved the eligibility of the firms for the exercise. On October 15, 2012, The Bureau of Public Enterprises (BPE) announced that the commercial bid process would have all the 10 discos participating, but each successful bidder will be limited to acquire only a 60% stake in the respective discos. A BPE source said that the winners will not be selected on the basis of the highest offers but on the highest aggregate technical, commercial and collection loss reduction projections over the first five years of operations.

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Recent Private Companies Transactions

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