December 08, (THEWILL) – The first set of morbid power transformers in the €63 million deal between the Federal Government and Siemens have started arriving in Nigeria.
The Siemens deal, which is expected to significantly improve the country’s electricity distribution capacity, was approved by the Federal Executive Council in December 2021.
Based on the pact, an order was placed for the purchase of the 10 morbid power transformers and 10 mobile substations.
Speaking at the 5th National Council on Power (NACOP) in Abuja, Minister of Power, Abubakar Aliyu, said: “the 10 morbid power transformers to be situated across the country have started arriving.”
Aliyu said government-to-government collaboration between Nigeria and Germany, resulted in a loan agreement which provided on concessionary terms through Siemens Company to rehabilitate the Nigeria Electricity Supply Industry (NESI) and the value chain in the industry.
The Minister noted the Federal government has also developed the National Renewable Energy and Energy Efficiency Policy with the accompanying Vision 30:30:30, which aims at achieving 30,000MW of electricity by the year 2030 with renewable energy contributing 30% of the energy mix.
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