The Nigerian Federal Government has signed a Memorandum of Understanding (MoU) with TBEA Co Ltd of China for the development of transmission lines and substations in Nigeria.
Minister of State Power, Mohammed Wakil who signed on behalf of the Government in a brief ceremony in Abuja said transmission infrastructure is critical to the growth of the sector, the Daily Independent reported. Wakil stated that the need to improve on the nation’s transmission sub-stations cannot be over emphasised, as all the efforts geared towards generation and distribution of power, cannot receive a face-lift, without a corresponding wheeling power through a reliable and strong transmission network. Wakil urged the company to fulfill its earlier promise of setting up a transformer manufacturing company in Africa by situating it in Nigeria. He assured that it will assist Nigeria in the development of a robust transmission outlet and called on the corporation to also provide adequate training for the Nigerian workforce, through its support for local content policy of government.Wakil stressed that Government on its part would give full cooperation in order to ensure a smooth take-off for the company in the country.
Earlier, the Chairman of the Company, Sheng Shuangxu called on the government to facilitate the acquisition of relevant data as well as the execution of needed commercial agreements as may be required for the bankability of the project. He disclosed that the conglomerate was a world-class manufacturer of electrical products, serving over 147 countries in the world, adding that it was glad doing business with Nigeria, the largest country on the African continent. –The Daily Independent