FG Okays N2.373trn For Power Sector Reform       The Federal Government has set aside the $6.15 billion (about N2.373 trillion) secured from the World Bank, the African Development Bank (AfDB), Siemens and others for the reformation of the power sector. The Minister of Power, Sale Mamman, who...

  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...

$2bn Power Project: Fresh Threats, As FG, Siemens Take Conflicting Positions     Barely one year to delivery, the Nigerian Electricity Road Map project under the Presidential Power Initiative (PPI), appears to be facing fresh hurdle that may derail or delay the execution and delivery of additional power...

Buhari Okays Nigeria, Siemens Electricity Deal Funding     President Muhammadu Buhari, has given the nod to a German firm, Siemens AG, to begin the concessionary funding and provision of technical support to the country’s power sector. According to the official twitter handle of the Presidency, @NGRPresident, Buhari...

Siemens, Ghana Sign €250m Electricity Pact   Siemens has signed a memorandum of understanding with the Republic of Ghana to upgrade the nation’s electricity grid using €250m of financing from Germany. The MoU was signed by Siemens and the Ghana Grid Company Limited in the presence of...

FG Earmarks N61bn For Nigeria-Siemens Power Pact   The Federal Government has set aside the sum of N61bn for the Nigeria Electrification Road map to be developed in partnership with Germany-based Siemens AG. The amount provisioned for the Presidential Power Initiative is one of the key expenditures...