Minister Tegbe Secures Chinese Investment in Power Sector
The Minister of Power, Joseph Tegbe, has successfully concluded high-level engagements with leading Chinese power engineering firms and financial institutions in Beijing. These discussions were part of the ongoing Nigeria–China power sector mission and aimed to secure commitments to accelerate the delivery of Presidential Power Initiative (PPI) projects.
The focus was on broadening Chinese participation across Nigeria's electricity sector, encompassing generation, transmission, project financing, and industrial manufacturing. A strategic meeting with Sinomach Group and China Machinery Engineering Corporation (CMEC) emphasized the need for firm completion schedules on ongoing PPI projects.
Tegbe proposed a shift from traditional engineering, procurement, and construction (EPC) contracts to a full-scope partnership model, where Chinese partners would co-invest in projects, contributing capital, technology, and expertise to enhance generation, transmission, hydropower, and related industrial investments.
Plus234Feed summary based on reporting from Blueprint. Read the original report below.
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