Ninety Six Firms Bid For NNPC’s Downstream Rehabilitation Contract
The Nigerian National Petroleum Corporation said it received a total of 96 bids from reputable firms across various jurisdictions for the rehabilitation of its downstream infrastructure.
The Corporation in a statement on Thursday said that the facilities to be rehabilitated by successful bidders range from critical pipelines to depots and terminals to get them ready to support the refineries when they become operational after their rehabilitation through the Build, Operate and Transfer financing model.
Advertisement
The statement which was signed by the Group General Manager, Group Public Affairs Division of the NNPC, Kennie Obateru, states that the public opening of the bids for the contract was in line with the Management’s commitment to transparency and accountability in all its processes and transactions.
The Managing Director of the Nigerian Pipelines and Storage Company, Ada Oyetunde, according to the statement said that the exercise was in conformity with the mandate of the Federal Government to prioritise the rehabilitation of critical downstream infrastructure across the country.
It said, “An open tender for pre-qualification of interested companies was published in August 2020 in the national dailies, for the rehabilitation of NNPC downstream critical pipelines and associated depots and terminal infrastructure through Finance BOT to cover; the Port Harcourt Refinery related infrastructure, Warri Refinery related infrastructure, Kaduna Refinery related infrastructure and System 2B related infrastructure.”
She further explained that the BOT arrangement would provide a reliable pipeline network and automated storage facilities for effective crude feed, product storage and evacuation from the nation’s refineries
The statement showed that the proceedings were duly observed by the representatives of the Infrastructure Concession Regulatory Commission, Bureau of Public Procurement, the Nigeria Extractive Industries Transparency Initiative and Civil Liberties Organisations.
