The Siemens power project, which will increase the supply of power to at least 7,000 megawatts (Mw), is scheduled to have new equipment inaugurated by the federal government.
Phase one of the Presidential Power Initiative (PPI) received approval from the Federal Executive Council (FEC) in December for a budget of $1.9 million and 62.9 million euros.
The national grid is intended to be updated, repaired, and expanded in the first phase.
Kenny Anuwe, the Managing Director/Chief Executive Officer of FGN Power Company (FGNPC), said yesterday at the Nigeria Energy Conference and Exhibitions in Lagos that the ceremony would start before the third week of next month in Lagos and that the second set of equipment would be unveiled in Abuja later.
He said the company is set to inaugurate the first set of the power equipment with the aim of sustaining the tempo until power disruptions in the country become a thing of the past.
He said the equipment includes transformers and mobile substations procured in partnership with Siemens Energy.
Anuwe added that the equipment was purpose-designed to meet Nigeria’s power supply needs in a phased program that will see to the generation and distribution of 25,000 megawatts of electricity by 2025, adding that with the new equipment, power supply will rise to a minimum of 7,000 Mw, while he assured that the company is committed to executing its plans until all the targets are met.
Anuwe said: “The Federal Government is determined to make a difference in the lives and livelihoods of Nigerians, and with the pace of work being put into the project so far, I think we will exceed 7,000 Mw.
“But this is our first objective, and we are not taking our eyes off that ball. We want to hit that target and to exceed it, and that is a confirmation that improvement in electricity supply is absolutely doable.
“The FGN Power Company was set up as a special-purpose company to implement the PPI. But its core mandate is in three broad categories: number one is to secure financing for the Programme; number two, to engage with stakeholders right across the value chain; and number three, to coordinate the implementation of the Presidential Power Initiative.
It also includes engagement in engineering and procurement contracts (EPC) and master content management (MCM), all fashioned to deliver for Nigerians all the objectives set in the PPI.
Anuwe added that the collaboration between Siemens Energy and the German government, on the one hand, and Nigeria and FGNPC, on the other, would benefit Nigeria and its citizens in the long run.
The Federal Government and Siemens AG signed a power project agreement (PPI) in July 2019 to increase electricity generation to 25,000 megawatts (MW) over the course of six years.
