FG Boosts Power Sector With Three New MoUs

The power sector has received
a boost as the  Federal Government has signed three Memoranda of Understanding (MoUs) with three more power companies with a view to boost generation and distribution of power supply in the country.
The companies are: SEPCO lll Electric Power Construction Corporation, CGC Nigeria Limited, and 3D Hitech System Limited.
The Power Minister, Prof Chinedu Nebo, at the MoU signing ceremony held at the ministry’s conference room, charged the new companies to deliver on their promises as to improve on power supply.
Nebo said Nigerians are hungry for power and would still demand for more, even if the output of the MoU were, “doubled, tripled or guadrupled”.
The Minister particularly commended 3D Hitech System Limited for its strong demonstration of capacity in the test-running of the 110 megawatts of power that it is currently working on, which would soon be commissioned.
He said the 500 megawatts gas-fired turbine to be cited in Ajaokuta would also go a long way in enriching the national grid.
Nebo said that the transmission was fast becoming a major bottleneck in the distribution of electricity, and also lauded both the CGC Nigeria Limited and SEPCO111 for their strong interest in financing and provision of transmission infrastructure, noting that the development is in the right direction.
He stated that the money being injected into the area by private institutions would go a long  way to inject further into the transmission network, and assured them of the needed moral support and government’s backing in order to realize its mandate.
Earlier, the Chief Executive Officer of 3D Hitech System Limited, Mr Patrick Azi promised that the ground breaking ceremony for the 500mwgas-fired turbine to be cited in Ajaokuta, Kogi State, would soon be held and assured that its installations will be completed within six to nine months.
In his response, the Managing Director of CGC Nigeria Limited, Li Xuhui stated the company’s MoU was signed for the financing and execution of transmission projects, and equally assured that it would work assiduously to ensure the funding is made available for the strengthening of the transmission network.
In similar vein, the Executive President of SEPCOIII, Zhang Hongsong, also promised that his company would ensure that supply, refurbishing and replacement of transmission materials are given top priority so that the goal of President Goodluck Jonathan’s Transformation Agenda is fully actualized.