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LequteMan
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The Federal Government on Wednesday signed three Memoranda of Understanding (MoU) with Chinese companies to boost electricity transmission.
Prof. Chinedu Nebo, the Minister of Power, who signed the MoU on behalf of the Federal Government urged the companies to boost the nation’s capacity to transmit the generated power to the end users.
He said that the Chinese companies had the capacity to identify area of opportunities in the sector and urged them to also build synergy with the distribution and generation companies, to build mutual relationship in the area of embedded or generated power.
Nebo, however, expressed worry that the statistics of power in Nigeria was ``abysmally low with the production of only 2.5 per cent of what was being produced in South Africa”.
The minister commended the level of confidence the Chinese companies had in the sector, saying that encouraging funding had come from EXIM Bank into the sector.
In her remarks, Mrs Mariam Akomode, the Chairperson of Cartlark International, assured the minister that her company would collaborate with the president’s Transformation Agenda.
Also, Mr Gang Yongzhi of SinoHydro Nigeria, said the company was ready to promote the project in line with the agreement signed.
#Nigeria #EXIM
Prof. Chinedu Nebo, the Minister of Power, who signed the MoU on behalf of the Federal Government urged the companies to boost the nation’s capacity to transmit the generated power to the end users.
He said that the Chinese companies had the capacity to identify area of opportunities in the sector and urged them to also build synergy with the distribution and generation companies, to build mutual relationship in the area of embedded or generated power.
Nebo, however, expressed worry that the statistics of power in Nigeria was ``abysmally low with the production of only 2.5 per cent of what was being produced in South Africa”.
The minister commended the level of confidence the Chinese companies had in the sector, saying that encouraging funding had come from EXIM Bank into the sector.
In her remarks, Mrs Mariam Akomode, the Chairperson of Cartlark International, assured the minister that her company would collaborate with the president’s Transformation Agenda.
Also, Mr Gang Yongzhi of SinoHydro Nigeria, said the company was ready to promote the project in line with the agreement signed.
#Nigeria #EXIM
