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LequteMan
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Nigeria's Minister of Power, Prof. Chinedu Nebo, on Thursday announced that a Chinese firm, Shandong Power Equipment Company Limited, is to construct a new power grid for the country, according to Punch.
He said that the existing grid line was not competitive enough, as the 330KVA currently in use was far below what was obtainable in China, India and the United States- a system that exceeded 1,050KVA transmission capacities.
“As Nigeria is currently at the threshold of the launch of its ambitious national industrial revolution, power will be required to drive it. The Industrial Revolution Plan will be dead without power and power will be dead without transmission,” the minister said.
While signing an MoU with the company, Nebo said he had no doubt that SPECO had the financial muscle to undertake the project, and that it also possessed the expertise to make the difference in Nigeria’s quest to build a robust and vibrant national grid.
The representative of the Chinese firm, Kay Zhang, said the company had what it takes to provide Nigeria with world class transmission project.
SPECO, he said, was currently serving 1.1 billion Chinese and covering about 88 per cent of China’s land, adding that the company was the seventh of the top 500 firms in the country.
#SPECO #Shandong #Nigeria #China
He said that the existing grid line was not competitive enough, as the 330KVA currently in use was far below what was obtainable in China, India and the United States- a system that exceeded 1,050KVA transmission capacities.
“As Nigeria is currently at the threshold of the launch of its ambitious national industrial revolution, power will be required to drive it. The Industrial Revolution Plan will be dead without power and power will be dead without transmission,” the minister said.
While signing an MoU with the company, Nebo said he had no doubt that SPECO had the financial muscle to undertake the project, and that it also possessed the expertise to make the difference in Nigeria’s quest to build a robust and vibrant national grid.
The representative of the Chinese firm, Kay Zhang, said the company had what it takes to provide Nigeria with world class transmission project.
SPECO, he said, was currently serving 1.1 billion Chinese and covering about 88 per cent of China’s land, adding that the company was the seventh of the top 500 firms in the country.
#SPECO #Shandong #Nigeria #China
