By Etuka Sunday
Federal Government yesterday signed a Memorandum of Understanding (MoU) with three Chinese companies to further boost the weak electricity transmission capacity in the country.
A statement by the Deputy Director, Press, Ministry of Power, Timothy Oyedeji quoted the Minister of Power, Professor Chinedu Nebo to have tasked the Chinese Companies to fill in the gap so as to boost the nation’s capacity to wheel generated power to end users.
The Minister identified the critical role of transmission, saying 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.
While calling for more foreign investment, the minister identified the Chinese as special people that have 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, while further requesting the Chinese to do even more in terms of investing in the sector, adding that in the area of renewable, a lot of opportunities still exist.
Prof. Nebo counseled the Chinese to also build synergy with Distribution Companies (Discos) and Generation Companies (Gencos) 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.
He commended Mr. President for the doggedness and determination to push Electricity Agenda to this level through its privatization programme, and enthused that without that political will, the whole process could have derailed.
The Representatives of SinoHydro Nigeria, Gan Yongzhi said his company is ready to promote the project in line with the agreement signed, assuring that the project will be realized on record time.