following the payment of N19 billion purchase fee and a commitment to invest another N28 billion over a period of two years.
Recall that the National Council on Privatisation had given approval for the privatisation of the YEDC and at the conclusion of a bidding process involving local and international investors, Quest Electricity Nigeria Limited emerged the preferred bidder with a bid price of N19 billion.
Source: News Formal (newsformal.com)
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