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Transaction Advisor for the Privatization of the Nigeria Power Holding Company PHCN

World Bank

The Federal Government of Nigeria has resolved to reform and liberalize its power sector in line with a new energy policy. CPCS defined and developed the appropriate privatization strategy for the generation and distribution sub-sectors of the electricity sector. This mandate required technical, financial, legal, environmental, and human resource due diligence for six generation and 11 distribution companies; preparation and issuance of the transaction documents; management of a bid process including for the transactions and support in evaluating technical and financial proposals; and ultimately negotiation with the preferred bidders.