Bid opening for sale of the Abuja Electricity Distribution Plc.
At P1R3, on track.  Expressions of interest for the Abuja Electricity Distribution Plc have closed.  At P1R4, waiver granted. Bids were received on schedule but opening of bids was delayed on account of the political transition. With the new government taking office, the authorization to open bids awaited the appointment of a new National Council on Privatization. The Council was appointed at end-August and indicated its support for proceeding with privatization. In the meantime, however, the new government had initiated a broad review of the electricity sector. This review includes ensuring an effective regulatory environment for the operation of private electricity companies. Against this background, the Council concluded that next steps on Abuja Electricity Distribution should await the conclusions of the review.