Siemens Energy Limited says it will upgrade 22 transmission substations in Nigeria in addition to the 11 new ones to be constructed under the presidential power initiative (PPI).
Seun Suleiman, chief executive officer of Siemens Energy, disclosed this on the sidelines of a visit by Simbi Wabote, the executive secretary of the Nigerian Content Development and Monitoring Board, to Siemens service centre facility in Port Harcourt.
In July 2019, the federal government signed a power project deal (PPI) with Siemens AG with the aim of increasing Nigeria’s electricity generation to 25,000 megawatts (MW) in six years.
In July 2020, President Muhammadu Buhari approved the payment of €15.21 million and N1.708 billion as counterpart funding for the PPI.
Speaking on the new development, Suleiman said the pre-engineering phase of the project would be completed in 10 months.
“We are not adding any generation capacity but we want to make sure that we fix the dilapidated transmission and distribution networks.
“We are doing the pre-engineering for the distribution network of this country. We have already got a letter of credit from the Federal Government to start it.
“The design is done in our head office. For the transmission scope, we were given initially 11 sites; they have added 22 sites.
“So, if phase one goes into reality before the end of the current administration, it means we would have been able to move from 4,500MW to 7,000MW.”
Source: Cable