BPE urges investors to establish transformer manufacturing plants in Nigeria

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ABUJA – Mr Benjamin Ezra Dikki, the Director-General of Bureau of Public Enterprises (BPE), has advised investors take advantage of the absence of electricity transformer manufacturers in Nigeria to establish their own.

Th advice was contained in a statement made available newsmen in Abuja on Wednesday by the bureau’s Head, Public Communications, Mr Chigbo Aniechebe.

It said that Dikki gave the advice when he received delegates from Shanghai Electric Power Transmission and Distribution Engineering Company Ltd. (SPTDE) from  China.

Dikki expressed concern that there was no company in Nigeria producing electricity transformers and allied products.

He said that the reforms in the power sector had opened up vast market in the electricity sector and that the bureau was willing assist genuine investors to take advantage of these opportunities.

“The liberalisation of the power sector and have given confidence investors in the Nigerian economy.

“If Shanghai should decide establish an electricity transformer company in Nigeria, the Bureau will assist the company to link up the relevant government institutions that will grant approvals and licences,” he said.

On power generation, Dikki said that the estimated power requirement was 40,000 megawatts while  the nation had installed capacity of 11,000 megawatts.

Mr Victor King, the Vice General Manager of Shanghai Electric Power Transmission and Distribution Engineering Company, said that Nigeria had huge market with its status as the biggest economy in Africa.

He said the company intended take advantage of the huge market to establish its presence in the country and  was in talks with the Transmission Company of Nigeria (TCN) to establish areas of collaboration.

King said that the company was a specialised professional engineering company in the Shanghai Engineering Company’s power transmission and distribution group.

He highlighted its core business include power generation, power transmission and distribution, heavy industrial machinery, transportation and environment protection,  among others. (