Vice President Arc Mohammed Namadi Sambo has assured the State Grid of China Corporation of fair competition in the planned transmission projects in the country.
He stated this when he received the Vice President of the State Grid Corporation of China Mr. Cheng Wei in his office at the State House Abuja.
Arc Namadi Sambo was highly impressed with the experience, capacity and the capability of the company and noted that the company was coming at the right time when the transformation agenda is set to provide adequate power supply to the country. He stated that the sum of $4billion has been earmarked for the construction/rehabilitation of transmission infrastructure in the country adding that very recently vacancy for consultancy services was advertised and the company was advised to participate by responding to the advertisement. The vice president said that the transmission company of Nigeria TCN and the Niger Delta Power Holding Company were the two companies that would implement the projects with the active participation and supervision of the ministry of power.
Arc Sambo added that some of the major power projects that would attract transmission is Mambila Hydro Power project the project was to be executed under a public private partnership arrangement and that both the transmission and project consultancy would cost the sum of $6.4billion and that the counterpart fund of $1.6billion had already been provided by the government for such an important project.
Arc Namadi Sambo catalogued other projects that would have transmission which lines which include; the Zungeru 700mw hydro power project, the Gurara Phase II Hydro power project due to be completed at the end of the year and the Itisi Hydropower project while adding that government planned to generate 20,000mw by the year 2018 on completion of these and other projects.
Earlier, the group, which was chaperoned by the Chairman Integrated Energy Mr. Olatunde Ayeni invited the Vice President of the SGCC for Powerpoint presentation on the capacity, asset, revenue base and accumulated experiences of the company. State Grid of China Corporation has an annual revenue base of about $300billion they intended to set up a company that would fabricate and eventually manufacture electrical equipment as well as provide training for staff on manufacture and installation of electrical equipments. The company was proud of its place in the provision of ultra high voltage technology, Power Grid Construction Field and Transmission
Present at the meeting were Olatunde Ayeni Chairman Integrated Energy, Sandy Eyal and sahon Okubo both directors while the Chinese team included Cheng Wei Vice President State Grid of China (SCCG), Xiong Feng General Manager (Africa), Deng Nian Ju, Song Liang and Lido Wen Fang both project managers amongst others.
