The Federal Government have disclosed that the power deal between Nigeria and Siemens AG will lead to the upgrading of 105 power substations and the construction of 70 new substations across the country.
The Minister of Power, Sale Mamman, who made the disclosure in a series of tweets via his official Twitter handle.
Mamman revealed that the deal was captured under Presidential Power Initiative, adding that the Federal Government had made an initial N8.6bn commitment in the transaction.
An infographical summary of the @NigeriaGov Presidential Power Initiative deal with the German Government and @Siemens that is set to effectively improve efficiency and transform the Nigerian Power Sector. More details from @PowerMinNigeria pic.twitter.com/mjccZUv8Zg
— Engr. Sale Mamman (@EngrSMamman) August 5, 2020
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.
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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 remarked 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.
