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TBEA Co. Ltd to Build Energy Park in Nigeria

Business
The Will
TBEA Co. Ltd to Build Energy Park in Nigeria

TBEA Co. Ltd, a major Chinese power and energy equipment manufacturer, has announced plans to establish a power and energy equipment industrial park in Nigeria.

This proposal was discussed during a high-level meeting between Joseph Tegbe, Nigeria's Minister of Power, and TBEA executives at the company's headquarters in Beijing on September 14. Tegbe is currently on a working visit to China to engage with original equipment manufacturers and technical partners involved in Nigeria’s Presidential Power Initiative (PPI).

Founded in 1949, TBEA specializes in manufacturing power transformers and electrical equipment, as well as developing transmission and renewable energy projects. The proposed industrial park aims to reduce Nigeria's reliance on imported power equipment, create jobs, and foster local supplier development.

Tegbe emphasized TBEA's potential as a long-term strategic development partner, seeking investors who can provide capital, technology transfer, and enhance local capacity. TBEA also reaffirmed its commitment to expedite ongoing transmission and distribution projects in Nigeria, which are expected to unlock over 2,000MW of stranded generation capacity.

Plus234Feed summary based on reporting from The Will. Read the original report below.

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