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Julius Berger Mulls Partnership with Power Sector Investors

Electricity transformers

Electricity transformers

 

Chineme Okafor in Abuja
Construction giant, Julius Berger, has said it is considering potential partnerships with credible investors willing to invest in the upgrade of Nigeria’s electricity supply systems.

Julius Berger, like General Electric (GE), which has staked claims in Nigeria’s emerging electricity industry with investments in capacity upgrade and technology transfer, has indicated that it will explore opportunities to invest in the power sector.

“We are exploring of course in the power sector, which is the area we see the future. We also see the future in gas and oil. There is no doubt that gas and oil will be there in 20 years and longer but our core business is still building and road construction,” said the Managing Director, Julius Berger Nigeria, Mr. Detler Lubasch.

Lubasch stated at the just concluded 2015 edition of the Nigerian Oil and Gas (NOG) conference and exhibition in Abuja that the current reforms in the power sector comes with great potential that the company would like to tap into.

He said: “As you all know, Nigeria needs infrastructure and this is our core business. We will be involved in power plants, that is where we see an environment that will grow and we want to be part of that. READ MORE HERE

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