Power transmission sub-sector open to PPP model – Wakil

By Obas Esiedesa  / Senior Reporter, Abuja

 

Minister of State for Power, Mohammed Wakil has told top power sector stakeholders and investors in China that the transmission sub-sector of Nigerian power sector is opened to investors under a Public Private Partnership model.

Speaking after holding talks with several firms in the power sector, the Minister said businessmen who invested in the Nigerian power sector are guaranteed of adequate returns and safety of their investments.

Wakil in a statement in Abuja by his Special Assistant (Media), Olawale  Rasheed urged the investors to “participate in the planned transmission project expansion in Nigeria.

“The government of Nigeria is working out participation of private sector in the transmission sector under a public partnership. This has worked so well in other sectors of our economy,” the Minister said.

The Minister who was also at Huawei Company headquarters in Shenghen said, the potentials for profitable investment in Nigeria are very high, describing the opportunities in the transmission and renewable energy sector as “very attractive and sustainable.

“In the renewable sector, we are opened to both Independent Power Producers and participants in the Private Public Partnership. Whichever area you prefer, you cannot regret investing your money in our dear country,” he added.

At the headquarters of TBEA, the world largest manufacturers of transformers and sub- stations, Wakil urged Chinese companies to retain high standard of job delivery comparable to the projects they executed in their home country.

“As much as we welcome foreign investors in our economy, we are also conscious of the need for investors and contractors to maintain high level of efficiency and standard comparable to great projects I saw all over China.

“Specifically after seen the great wonders of the seven Gorges Dams, I call on the Chinese firm handling the Mambilla hydro projects to deliver a project as standard as the Gorges dam. We want high quality job to be done in this very important hydro project.

“Mambilla is key to us because it is a project too long on the drawing board. Our President is breaking the jinx on both Mabilla and Zungeru, hence the need for the job to be well done. For the North East, Mambilla holds great promise for enhanced power supply and job creation,” the Minister noted.

A representative of TBEA management, Jun Y in his response, told the Minister and his team that his company was ready to collaborate with Nigeria for the successful conclusion of the power sector reform.

He stressed that the Nigerian power sector reform was progressing successfully, assuring that his firm is eager to be part of Nigerian success story.

Source : Independent

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