Nigeria, Germany sign agreement to implement PPI for improved electricity supply
President Bola Ahmed Tinubu and German Chancellor Olaf Scholz witnessed the signing of an accelerated performance agreement aimed at expediting the implementation of the Presidential Power Initiative (PPI) to improve electricity supply in Nigeria.
This was disclosed in a statement issued by Chief Ajuri Ngelale, Special Adviser to the President on Media & Publicity.
The agreement, consummated on the sidelines of the COP28 climate summit, was signed by Mr Kenny Anuwe, the Managing Director and CEO of FGN Power Company, and Ms. Nadja Haakansson, Siemens Energy’s Senior Vice President and Managing Director for Africa on Friday evening in Dubai, United Arab Emirates.
The PPI, formerly known as the Nigeria Electrification Roadmap Initiative, was the outcome of the visit of former German Chancellor Angela Merkel to Abuja in August, 2018.
Similar agreement was signed between the governments of Nigeria and Germany in 2019 to improve the power sector.
President Tinubu, since assuming office, has consistently advocated the accelerated realisation and expansion of the PPI. To achieve this, the project has been a major focal point in three rounds of bilateral discussions at several meetings between the President and the German Chancellor, in New Delhi, Abuja and Berlin.
The agreement signed will see to the end-to-end modernisation and expansion of Nigeria’s electric power transmission grid with the full supply, delivery and installation of Siemens-manufactured equipment under the time line of 18 to 24 months.
Furthermore, the agreement will ensure project sustainability and maintenance with full technology transfer and training for Nigerian engineers at the Transmission Company of Nigeria (TCN).
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. 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.
Follow the Neptune Prime channel on WhatsApp: https://whatsapp.com/channel/0029Va74ZvU2v1IqKByXoX3d
Do you have breaking news, interview request, opinion, suggestion, or want your event covered? Email us at neptuneprime2233@gmail.com
