Director General of the Bureau of Public Enterprises (BPE), Mr. Benjamin Ezra Dikki has advised Shanghai Electric Power Transmission and Distribution Engineering Company Limited (SPTDE) to take advantage of the absence of an electricity transformers’ manufacturing company in Nigeria to establish one.
Receiving a team from the company led by its Nigerian partner, Kenneth Awara of Beresford Electric Power Limited which paid him a courtesy visit on Tuesday, June 3, 2014 in Abuja, Dikki noted that at present there was no company in Nigeria producing electricity transformers and allied products.
He said the reforms in the power sector had opened up a vast market in the electricity sector and the Bureau is willing to assist genuine investors to take advantage of the opportunities offered by the sector.
The DG maintained that liberalization of the power sector and others has given confidence to investors in the Nigerian economy and that should Shanghai “decide to establish an electricity transformers’ company in Nigeria, the Bureau will assist the company to link up with the relevant government institutions that will grant approvals and licences”.
On power generation, Dikki stated that the estimated power requirements was 40,000 megawatts while the nation had installed capacity of 11,000 megawatts, thus the investment opportunities were here.
Earlier, the Vice General Manager of the Shanghai Electric Power Transmission and Distribution Engineering Company Limited, Mr. Victor King noted that Nigeria had a huge market with its status as the first in Gross Domestic Product (GPD) in Africa.
He said the company intended to take advantage of the huge market to establish its presence in the country and that currently it was in talks with the Transmission Company of Nigeria (TCN) to establish areas of collaboration.
SPTDE is a specialized professional engineering company in the Shanghai Engineering Company (SEC)’s power transmission & distribution group.
It was established in 1986 and its core business are, power generation, power transmission & distribution, Heavy industrial machinery, transportation and environment protection among others.
