Nigeria and Germany have signed an agreement that accelerates the Siemens Power Project which is aimed at expediting the implementation of the Presidential Power Initiative (PPI) to improve electricity supply in Nigeria. The agreement was signed on the sidelines of the COP28 climate summit, by Mr. Kenny Anuwe, Managing Director and CEO of FGN Power Company, and Ms. Nadja Haakansson, Siemens Energy’s Senior Vice President and Managing Director for Africa.
It can be recalled that in 2018, former German Chancellor Angela Merkel visited the nation capital, Abuja to discuss the terms around the Presidential Power Initiative (PPI),(Nigeria Electrification Roadmap Initiative), in which an agreement was reached was endorsed by both governments in 2019. The current administration, since assuming office, has consistently advocated the accelerated realization and expansion of the PPI.
According to a statement issued by the Special Adviser to the President, Ajuri Ngelale, the agreement will see to the end-to-end modernization and expansion of Nigeria’s electric power transmission grid with the full supply, delivery, and installation of Siemens-manufactured equipment under the timeline of 18 to 24 months.
“Speaking after the signing ceremony in Dubai, Managing Director of the FGN Power Company, Mr. Kenny Anuwe highlighted Siemens Energy’s effective delivery of crucial equipment worth over 63 million Euros to the country since the project commenced,” the statement read.
“This includes 10 units of 132/33KV mobile substations; 3 units of 75/100MVA transformers, and 7 units of 60/66MVA transformers, currently being installed by FGN Power Company at various sites across Nigeria.
“The project will also focus on identified load demand centers with a particular emphasis on economic and industrial hubs nationwide; execution of new 330kV and 132/33KV substations in target load centers with economic priority, in addition to thousands of kilometers of overhead transmission lines to connect new substations with existing ones.”
