Tata Power of India, a subsidiary of of Tata Group is likely going to make key investment in the power sector.
The company is being inspired by ongoing anti-corruption fight embarked upon by the present administration.
Managing Director of the company Anil Sardana said the company would consider making a substantial investment in Nigeria’s the energy sector.
He said the decision would materialise if government further makes the business environment more for attractive.
He said, “You can be rest assured that Tata Power will come in leaps and bounds to contribute their quota towards Nigeria’s energy sector, which at this moment is not where it is supposed to be.”
According to Sardana, Nigeria remains a very huge market with great potentials for investment. Just set your systems right and the whole world will be on their knees begging to invest.
He noted that Nigeria is an energy surplus country and can be the biggest hub for energy.
“It is today the largest oil and gas producing country in Africa. There is no reason if you get your house in order, why the country cannot be an export hub to its neighbours.
“It is one of the countries in West Africa that our Tata Power is beaming our searchlight on and we are very keen as to what happens with the policy direction of the new President Muhammadu Buhari administration.
“With your election and transition from one government to another, we are waiting to see how things get done on the ground. At the moment, the reason why we have management and technical advisers in Nigeria studying trends, is that we want to see how development unfolds.” Sardana said.
He further observed that at present, it has what he called structured contracts with the Lagos government and a few private entities.
He disclosed that the reason why the company has not made capital investments is that they are curiously waiting to see if the change is for good and permanent.
“Nigeria is blessed with so much of gas, coal; so much of petrol and Nigeria has enormous energy potential to export these to other African countries.”