Latest News
BREAKING: Good News As Nigeria, Germany Sign Agreement To Accelerate Siemens Power Project
BREAKING: Good News As Nigeria, Germany Sign Agreement To Accelerate Siemens Power Project
BREAKING: Good News As Nigeria, Germany Sign Agreement To Accelerate Siemens Power Project
On Friday, Nigeria and Germany officially entered into the Presidential Power Initiative agreement, aimed at enhancing electricity supply in Africa’s most populous nation.
The signing ceremony, which took place in Dubai, United Arab Emirates, was presided over by President Bola Tinubu and German Chancellor Olaf Scholz.
Read Also Ndume Reacts To Rendition Of Tinubu’s Campaign Tune In Senate
The Managing Director of the Federal Government of Nigeria Power Company, Kenny Anuwe, represented Nigeria by signing the agreement, while Nadja Haakansson, the Managing Director (Africa) of Siemens AG, signed on behalf of Germany.
This agreement signifies a collaborative effort to address and improve the power situation in Nigeria.
Read Also BREAKING: APC Sacks Chairman In Tinubu’s ‘Absence’, Names Replacement (WHAT HAPPENED)
“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 centres with a particular emphasis on economic and industrial hubs nationwide; execution of new 330kV and 132/33KV substations in target load centres with economic priority, in addition to thousands of kilometres of overhead transmission lines to connect new substations with existing ones.”
The spokesperson for the presidency stated that since assuming office, Tinubu has consistently advocated for the accelerated realization and expansion of the Presidential Power Initiative (PPI). The project has been a prominent focus in three rounds of bilateral discussions held at various meetings between the President and the German Chancellor, taking place in New Delhi, Abuja, and Berlin.
According to Ngelale, the agreement outlines plans for the comprehensive modernization and expansion of Nigeria’s electric power transmission grid. The timeline for this initiative involves the full supply, delivery, and installation of Siemens-manufactured equipment within 18 to 24 months.
He underscored that the agreement is designed to ensure the sustainability and maintenance of the project, with a commitment to full technology transfer and training for Nigerian engineers at the Transmission Company of Nigeria (TCN).
Stay Updated With More News By Joining Our WhatsApp Group With The Link Below
-
Latest News3 days agoBREAKING: Tinubu Makes Fresh Appointment
-
Latest News1 week agoFull List: 10 AIGs Moved As IGP Disu Reshuffles Police Top Brass
-
Latest News3 days agoPresidency Fires Back At Catholic Bishops
-
Gist1 week agoDavido Fires Back At MC Oluomo Over Osun NURTW Crisis
-
Latest News3 days agoWike Breaks Silence On ₦750m Campaign Billboard Fee
-
Latest News1 week ago2027 Elections: APC Uploads 27 Governorship Candidates To INEC Portal
-
Latest News2 weeks agoTinubu Steps In To End Oyo APC Crisis, Meets Folarin
-
Latest News2 days agoTinubu Govt Rolls Out Fresh Rules For Ministers, Top Officials
-
Latest News1 week agoPHILLIPS CONSULTING INDEX: WHY THE FINDINGS REFLECT EDO’S INHERITED FISCAL BURDEN—NOT OKPEBHOLO’S RECORD
-
Latest News1 week agoI’m Irritated’ – Aisha Yesufu Slams Peter Obi’s TV Interview
-
Latest News5 days ago‘Football Is Not For Sale’ – FIFA Fires Back Amid World Cup Investment Backlash
-
Latest News3 days agoFuel Price Drops As MRS, Others Slash Petrol Pump Price