Investment Opportunities in the Power Steel and Aluminium Sectors
- Development of energy resources and infrastructuresManagement of energy infrastructure
- Commercialization of energy
- Training; and Exchange of information and experience.
- Construction and management of power stations by private companies.
- Production of Steam and gas turbine spare parts.
- Repairs and testing of power transformers.
- Development of wind turbines for generation of electricity; Manufacture of distribution transformers and line hardware.
- Technology transfer through joint erection of new power plants.
- Training of PHCN staff in computer based maintenance system etc.
- PHCN and the foreign company will then set up a joint committee for the purpose of achieving these objectives.
THE STEEL SECTOR
Plans by the Ministry to revitalize the steel sector are underway. As a first step to reviving the sector, technical audit and cost estimate for completion of Ajaokuta Steel Project are being contemplated. The Ministry is also planning to rehabilitate the Delta Steel Company and three in-land Steel Rolling Mills in the country with a view to making them function effectively. Staff training and development is also being given attention because local skilled manpower availability can motivate an investor into the industry. These are aimed at putting the sector in a state of readiness for foreign investment.
In consonance with the nation’s technical and economic co-operation policies for this sector, some areas of joint co-operation have been identified, and investors will be encouraged to invest in the sector. Discussions will centre on joint venture commercial operation of the completed units of the Ajaokuta Steel Project. Investors will be encouraged in the following areas:
- Iron Making Plant with capacity to produce 1.35 metric tones of billets.
- Billet Mill with capacity to produce 795,000 tones of billets per annum.
- Light Section Mill with capacity to produce 400,000 tones of bars per annum.
- Medium Section Mill with capacity to produce 130,000 tones of wire coils per
annum; and Engineering Workshops comprising. - The Power Equipment Repair Shop.
- Forge Fabrication and Rubberizing Shop with capacity to produce 4,200 tones of
fabricated structures.