Breaking News

Nigeria to leverage on Turkish thermal, hydro expertise


The Minister of Power, Prof. Chinedu Nebo, has said that Nigeria in its quest for new energy mix would leverage on Turkish expertise in Thermal and Hydro power sources.

The minister, who was represented by the Permanent Secretary in his ministry, Amb. Godknows Igali, said that Nigeria offered the best environment for business not only in power but also heavy equipment, machinery and construction.

Speaking in Abuja while receiving in audience the Bereket energi Group led by its Deputy Chairman, Mr. Ali Yagli, and its Nigerian partner, Oral Energy Limited (the core investor of Jos DISCO), the Minister commended the Group for the confidence it has in the Nigerian economy.

He added that the Group will not regret its decision as there are unequal potential in terms of returns on investment.

He described the visit as the best timed, against the backdrop of the focus on hydro and renewable energy like wind, solar and coal, noting that there are enormous coal reserves that stretched from Enugu-Kogi-Benue and Nasarawa states.  “Nigeria should harness these potential to the fullest as our coal has been described as one of high quality,” he added.

On the Group’s request for more participation in Nigeria’s power market, the Minister noted that other renewable like solar energy and wind are also available for exploration.

Responding on behalf of the Group, Mr. Tukur Modibo who represented Alhaji Yayale Ahmed, the Chairman of Oral Energy, said that the Bereket energi of Turkey has been a dependable ally in the on-going privatisation of the power sector.

He said the Group has enormous experience that has helped the Nigerian partner to effectively operate in six States with three million customers under the Jos DISCO.

Basking in the euphoria of its achievements in Turkey, the Bereket energi said it has a total of 16 Dams in Turkey with combined generation capacity of 1,500 Mega Watts, and therefore, ready to enter into Nigeria’s power generation sub-sector.

The Group promised to actively participate in the solar energy market in Nigeria, if given the opportunity, as it had already developed a solar panel factory in Turkey.


Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.