The Federal Government of Nigeria has sealed an agreement with German-based Siemens AG to tackle the electricity crisis in the country.
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This follows a meeting between Nigeria’s president, Muhammadu Buhari, and German Chancellor Angela Merkel in 2018. They had a discussion on the Nigerian Electrification Roadmap initiative.
Siemens will now generate 7,000 megawatts of electricity to Nigeria by 2021. Afterwards, by 2023, 11,000 megawatts will have been generated to deal with the problem of erratic power supply. Eventually, the target is to generate 25,000 megawatts of energy.
President Buhari had a meeting with the Global CEO of Siemens, Joe Kaeser, to sign the deal. He said the government’s priority was to stabilise power generation and gas supply in Nigeria. Furthermore, according to the government, the deal will involve Payment Assurance Facility.
Nigerian Electrification Roadmap Initiative
Buhari said:
“My challenge to Siemens, our partner investors in the Distribution Companies, the Transmission Company of Nigeria and the Electricity Regulator is to work hard to achieve 7,000 megawatts of reliable power supply by 2021 and 11,000 megawatts by 2023 – in phases 1 and 2 respectively.
“After these transmission and distribution system bottlenecks have been fixed, we will seek – in the third and final phase – to drive generation capacity and overall grid capacity to 25,000 megawatts.”
Siemens previously implemented a similar model in Egypt which had been successful. It was then able to get a boost of 14.4 gigawatts of electricity to the Egyptian national grid.
The German company uses power generation technology to expand the power infrastructure. It then employs the use of sustainable wind farms, gas-insulated switchgear substations, combined cycle power plants, and wind turbines.
The first phase of the project will involve the transmission and distribution segments of the value chain. It will also include software maintenance and support for Nigeria’s distribution companies and the Transmission Company of Nigeria for four years.
