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FG, China to Produce Transformers, Solar Panels

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  • FG, China to Produce Transformers, Solar Panels

The Federal Government has concluded plans to scale up local manufacture of power transformers and solar panels in partnership with the Peoples’ Republic of China.

It was gathered that the collaboration was based on a 2013 agreement that the Nigerian government signed with the Asian country.

Our correspondent gathered that a delegation comprising members of the National Assembly and officials of the National Agency for Science and Engineering Infrastructure had just returned from China in connection with the project.

The Executive Vice Chairman, NASENI, Prof. Mohammed Haruna, disclosed in Abuja on Friday that his agency had commenced the production of transformers, but added that it was not producing them in commercial quantities.

He said his visit to China was in connection with the setting up of a high voltage testing laboratory as well as the production of solar panels in Nigeria in collaboration with China Great Wall Industry Corporation in order to boost local capacity.

Haruna said, “The other component is high voltage testing laboratory. This is a key project in the area of power. There can be no successful power company in Nigeria without the production of this component locally.”

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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