Foreign investors have been advised to take advantage of the ongoing reforms in the power sector to manufacture transformers in the country, as there is no local company producing electricity transformers and other related products.

This was the advice of the Director General of the Bureau of Public Enterprises, BPE, Benjamin Ezra Dikki, when he welcomed a delegation from Shanghai Electric Power Transmission and Distribution Engineering Company Limited, SPTDE, led by Kenneth Awara of Beresford Electric Power Limited, in Abuja.

According to him, “the reforms in the power sector had opened up a vast market in the electricity sector and the BPE is willing to assist genuine investors to take advantage of the opportunities offered by the sector.”

He added that, “liberalisation of the power sector and others have given confidence to investors in the Nigerian economy, and if Shanghai should 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.”
Despite the privatisation of the power sector, an estimated 11,000 megawatts, mw, have since been installed out of the 40,000MW power requirement expected, which means 29, 000MW are yet to be actualised.