Nigeria, Germany Sign Agreement To Accelerate Siemens Power Project
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| Chancellor Olaf Scholz and President Bola Ahmed Tinubu |
German Chancellor Olaf Scholz signed a crucial agreement on Friday at COP28 in Dubai
A performance agreement aimed at hastening the implementation of the Presidential Power Initiative (PPI) to enhance Nigeria's electricity supply was signed on Friday evening in Dubai, United Arab Emirates, by President Bola Tinubu and German Chancellor Olaf Scholz.
Mr. Kenny Anuwe, the managing director and CEO of FGN Power Company, and Ms. Nadja Haakansson, the senior vice president and managing director for Africa at Siemens Energy, inked the agreement, which was finalized on the fringes of the COP28 climate meeting.
The Nigeria Electrification Roadmap Initiative (PPI) originated out of former German Chancellor Angela Merkel's August 2018 visit to Abuja.
In order to enhance the power industry, the governments of Germany and Nigeria inked an agreement in 2019.
President Bola Tinubu has continuously pushed for the PPI's expedited realization and growth since taking office. To do this, during many meetings between the President and the German Chancellor in New Delhi, Abuja, and Berlin, the initiative has constituted a significant focal point in three rounds of bilateral discussions.
The deal that was signed yesterday would cover the whole procurement, delivery, and installation of Siemens-manufactured equipment within a timeline of 18 to 24 months, along with the renovation and extension of Nigeria's electric power transmission grid.
Along with complete knowledge transfer and training for Nigerian engineers at the Transmission Company of Nigeria (TCN), the deal would also guarantee project sustainability and maintenance.
Speaking following the signing ceremony in Dubai, Mr. Kenny Anuwe, Managing Director of the FGN Power Company, emphasized Siemens Energy's successful provision of vital equipment to the nation since the project's inception, valued at over 63 million euros. The FGN Power Company is currently installing 10 units of 132/33KV mobile substations, 3 units of 75/100MVA transformers, and 7 units of 60/66MVA transformers in various locations throughout Nigeria.
The project will also concentrate on designated load demand centers, with a focus on industrial and economic hubs around the country. Thousands of kilometers of overhead transmission lines will be needed to connect new substations to existing ones, and new 330kV and 132/33KV substations will be built in target load centers with economic priority.
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