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Published On: Thu, Oct 16th, 2014

Power: FG signs MoU with 3 more power companies

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By Etuka Sunday

The Minister of Power, Prof. Chinedu Nebo yesterday signed three Memoranda of Understanding with 3D Hitech System Ltd, SEPCOIII Electric Power Construction Corporation and CGC Nigeria Ltd, with a view to ensuring a boost in the generation and distribution of power supply in the country.

Nebo at the ceremony urged the companies to deliver on their promise so as to beef up the level of power supply.

According to him, “Nigerians are hungry for power and would still demand for more, even if the output of these MoU were doubled, tripled or quadrupled”.

A statement by the Principal Information Officer, Ministry of Power, Njoku Grace quoted Nebo to have commended the 3D Hitech system Ltd because of the capacity it has demonstrated in the test running of the 110MW of power it is currently working on, which will soon be commissioned, adding that the 500MW gas fired turbine to be cited in Ajaokuta would also go a long way in enriching the national grid.

The Minister, who stated that transmission was fast becoming a major bottleneck in the distribution of electricity, commended both the CGC Nig Ltd and SEPCOIII for their interest in financing and provision of transmission infrastructure, describing it as a move in the right direction.

According to him, the money being injected into the area by private institutions will no doubt, go a long way to inject more life into the transmission network.

He further assured them of necessary moral support and government backing in the realization of its mandate. Earlier, the Chief Executive Officer, 3D Hitech System Ltd, Mr. Patrick Azi stated that the ground breaking ceremony for the 500MW gas fired turbine to be cited in Ajaokuta, Kogi State, will soon be held and gave assurance of its installation within 6 – 9 months. Also responding, the Managing Director, CGC Nig. Ltd, Li Xuhui, who stated that the company’s MoU was signed for the financing and execution of transmission projects, assured that it will work assiduously to ensure the funding is made available for the strengthening of the transmission network.

In the same vein, the Executive President, SEPCOIII, Zhang Hongsong, assured that the company will ensure that the supply, refurbishing and replacement of transmission materials are given top priority so that the goal of President Goodluck Jonathan’s Transformation Agenda is fully realized.

 

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