8 US companies to invest in the power sector in Nigeria

Barth Nnaji

Eight U.S. companies on Monday visited the Minister of Power, Bart Nnaji, to canvass for investment in the power industry.

The companies are Anadarko Petroleum, Caterpillar, Chevron, Energy International, General Electric, Pike Enterprise, Strategic Urban Development Alliance  LLC and the Symbion and Zanbato Group.

Bill Fitzegerald, the leader of the team, told the minister that they were in the country to seek investment opportunities in the energy sector with a viewing to assisting Nigeria to curb its energy crisis.

In his comments, Mr. Nnaji said Nigeria needed assistance in such areas as power production and evacuation, national grid and human capacity building, among others.

According to him, these are the major areas in which the Federal Government has “serious” constraints in the power sector.

He said the government had done a lot to ensure improved power generation, adding that with the assistance of the U.S., Nigeria would not experience epileptic power supply again.

Mr. Nnaji explained that many of the young staff of PHCN had not had any training and the government would want to train them.

Bolanle Onagoruwa, the Director-General, Bureau of Public Enterprise, said the BPE had received 13 legal documents on the privatisation of PHCN and was hard at work to ensure that the exercise was completed before the end of the year.

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