Symbion Power, an American electricity generation, transmission and distribution company with operations throughout Africa, has gone into partnership with Jyoti Americas and Iroko Capital Partners to establish the Western Sahara Transmission Company Limited in response to the massive demand for increased power transmission and distribution in Nigeria.
Speaking in Lagos this week, the visiting Symbion Deputy Chief Executive Officer, William Olukoya explained that Western Sahara is an indigenous company backed by experienced international players that would be primarily managed and staffed by Nigerians.
Olukoya noted that given the tremendous demand for power and the rapidly growing Nigerian economy, it was essential that the country create the local capacity to produce such towers and remain competitive in a demanding marketplace.
With a shared vision to provide for the country’s huge demand for power supply, the Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, expressed delight, over the creation of the company.
Both companies are bringing together their combined experience of doing business in Africa and other developing countries, together with their knowledge of the entire power delivery value chain which will include design, engineering, tower testing, tower manufacturing and construction.
