Oil & Energy
Minister Charges Firm On Steady Power Supply
The Minister of Power,
Prof Chinedu Nebo, has charged a Chinese firm, Shandong Power Equipment Company Limited to ensure that it was at its best in the agreement to construct a new power grid for the nation.
He gave the charge last week, after signing a Memorandum of Understanding with the company (SPECO) in with Abuja.
Nebo told reporters that the was optimistic about the company’s ability to deliver as agreed due to its financial strength.
The minister, also said that the power company has the expertise to command the needed magic in the country’s target to having a steady power supply.
He revealed that the existing 330 kVA in use was not up to world class when compared to that of the United States, China and India.
According to him, these countries, have an existing system that is above 1,050KVA transmission capacities that guarantees steady power supply.
The representative of SPECO, Kay Zhang, who corroborated Nebo’s statement said the firm has the needed technical know how to take the Nigerian power sector to the next level.
According to him, the company is at present serving about 1.1 billion Chinese which also covers up to 88 per cent of that country (China).
Zhang, pointed out that his company ranked seventh among the apex 500 power firms in China, saying that it would do justice to Nigeria’s power sector.
The Tide gathered that Nigerians are yet to enjoy stead power supply as promised by the Federal Government after handling over power generation and distribution to private investors. But with the latest development, players in the power industry, are of the view that it may not be business as usual, if only the Federal Government would remove all forms of politics from the system.