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.

Support PREMIUM TIMES' journalism of integrity and credibility


Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.


NEVER MISS A THING AGAIN! Subscribe to our newsletter

* indicates required


Now available on

  Premium Times Android mobile applicationPremium Times iOS mobile applicationPremium Times blackberry mobile applicationPremium Times windows mobile application

TEXT AD: New Discovery! Click Here To See A Miracle Device That Can Cure DIABETES, BLOOD PRESSURE, STROKE, ARTHRITIS, PAINS, OBESITY And 50 Other CHRONIC DISEASES Without Drugs Or Herbs.. Click Here Now To See It

All rights reserved. This material and any other material on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from PREMIUM TIMES.