Nigeria’s President Muhammadu Buhari has given Germany’s Siemens AG the green light to rehabilitate and expand the country’s electricity capacity to 25,000 megawatts (MW) by 2025.
Siemens and the Nigerian government signed a six-year agreement in July last year. The president recently asked the Ministry of Finance, Budget and National Planning, the Ministry of Power and the Bureau of Public Enterprises to commence with the pre-engineering and concessionary financing aspects of the project with Siemens.
“Our goal is simply to deliver electricity to Nigerian businesses and homes. Our intention is to ensure that our cooperation is structured under a government-to-government framework. No middlemen will be involved so that we can achieve value for money for Nigerians,” said the President.
The project will be developed in three phases. The first phase of the project includes increasing the amount of power delivered by additional 2,000 MW and significantly reducing losses across the grid with added stability and reliability.
For the second phase, the grid capacity is expected to be increased from 7,000 MW – which will be produced from the first phase – to 11,000 MW. For the third phase the operators will work on additional transmission and distribution assets upgrade and large-scale power project to increase the grid capacity from 11,000 MW to 25,000 MW.