25,000MW Deal: FG, Siemens Sign Pre-engineering Contract

source: punchng
50

The Federal Government and Siemens have signed a contract for the pre-engineering phase of the Presidential Power Initiative that seeks to boost power generation in the country. Our correspondent gathered that the award letters were signed last Thursday by Siemens Energy Nigeria and FGN Power Company, a special purpose vehicle created by the Federal Government for the project. The Federal Government and Siemens AG had in July 2019 signed a Letter of Agreement on the Nigerian Electrification Roadmap, now Presidential Power Initiative, with the aim of ramping up electricity generation in the country to 25,000 megawatts in six years. The Federal Executive Council, on July 29, 2020, approved the payment of €15.21m (N6,940,081,465.20) offshore and N1.708bn onshore as part of Nigeria’s counterpart funding for the power deal. Our correspondent also gathered that with the issuance of the award letters, Siemens can now begin the pre-engineering scope of the project “This award enables Siemens AG and Siemens Energy to drive forward this mega project, which will upgrade the electricity network to achieve operational capacity of 25,000 megawatts from the current average of around 4,500 MW, through a series of projects spanning three phases,” a document seen by our correspondent said. The pre-engineering aspect will include engineering design works, specifications for onshore installation, commissioning works for the transmission and distribution systems, network development studies, power simulation, training, and support services. It was learnt that the signing of the award letters was witnessed by the Chief of Staff to the President, Prof. Ibrahim Gambari; the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed and the Minister of Power, Mr Saleh Mamman. According to the Federal Government, the PPI’s investment objective is to realign and optimise the available capacities across generation, transmission and distribution sectors of the electricity industry. “This project will transform the energy landscape of the country and we are grateful the government has entrusted us with this notable initiative. We are capable and we will deliver excellent results

NB: Stories are shared by community members. The article does NOT represent the official view of NaijaWorld and the author is SOLELY RESPONSIBLE for this article
Comments

About Us
You can follow any community you find interesting, get your news, ask for advice, discuss sports, and voice your opinion. Upload photos, contribute stories, join discussions, and help other people find the best stories, videos, pics, games, and news by upvoting and downvoting posts. Share and discuss posts with other naijaworlders.
Related Stories
Shun Politics Of Violence, Hate Speech – Ohanaeze Ndigbo To Youths
The Rock Considers Politics Says He Will Run For President If The People Want It
The Politics Of Amnesty: Like Niger Delta Militants, Like Bandits By F. Nwabufo
Yul Edochie Gets Father's Blessing To Contest For President In 2023
2023: Only God Can Tell Who Will Become Nigeria’s President – Rotimi Amaechi
Message From Sultan Of Sokoto
Video:Royal Palm Estate Setup With Imo State Funds Registered In Okorocha's Name
Sagamu Lg 2021: Let's Get It Right With Aremo Kayode Ademola
Buhari Govt Knows Hideouts Of Bandits, Killer Herdsmen – Sheikh Gumi
EndSARS: Comedian, Mr Macaroni, Other Protesters Stripped, Tied