Report from Ministry of Power, Abuja.
Determined to correct past weak capacity of transmission in the Nigerian Electricity value chain, the Minister of Power, Chinedu Nebo (Professor) has tasked Chinese Companies to fill in the gap so as to boost the nation’s capacity to generate power to end users.
The Minister, who identified the critical role of transmission during the signing of Memorandum of Understanding between the Ministry and the three Chinese companies recently in Abuja, said that it is needless if generated power cannot be used, hence it is important to strengthen the engine that would ensure that the chain is not broken. The Companies include Cartlark International and SinoHydro Nigeria.
While calling for more foreign investment, the Minister recognized the Chinese as special people that have the capacity to identify opportunities, “little wonder that China is doing so well with us in the sector”, he added.
According to him, we will continue to support and defend your interests and investments here. He further requested the Chinese to do even more in terms of investing in the sector, adding that in the area of renewable energy, a lot of opportunities still exist.
Prof. Nebo counseled the Chinese to also build synergy with Distribution and Generation Companies as they could build mutual relationship in the area of embedded or generated power within a locality and get such distributed through the Disco in the area.
The Minister further remarked that the statistics of power in Nigeria is abysmally low, “Nigeria is producing only 2.5% of what power is being produced in South Africa, those who are wise are taking position and falling over each other to partake in the sector.” He commended the level of confidence the Chinese have in the sector, saying that encouraging funding has come from EXIM Bank into the sector, especially since the high-powered delegation, led by Mr. President visited China in 2013.
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