Siemens’ll Upgrade 105 Substations In Power Deal – FG
The power deal between Nigeria and Siemens AG, a renowned German firm, will lead to the upgrading of 105 power substations across the country, the Federal Government has said.
Minister of Power, Sale Mamman, who said this in series of tweets via his official Twitter handle, also noted that 70 new substations would be constructed by the global power firm.
Mamman said the deal was captured under Presidential Power Initiative, adding that the Federal Government had made an initial N8.6bn commitment in the transaction.
He stated that 35 power transformers would also be manufactured and installed across the country based on the terms of the deal with Siemens.
According to the power minister, 3,765 distribution transformers would be installed and 5,109km distribution lines would be built.
Mamman said the deal had a potential power evacuation capacity of over 13,000 megawatts, in contrast to the current transmission of 4,500MW.
He noted that about seven gigawatts of power was expected to be achieved between now and 2021 in phase one of the deal.
He noted that with the upgrading of transmission and distribution of the Transmission Company of Nigeria and distribution companies, two gigawatts quantum of energy would be contributed to the country’s generation capacity.