Nigeria has signed an electricity road map agreement with German-based Siemens in the country’s capital, Abuja.
President 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.”
The president also noted that long-term power generation capacity will ensure adequate energy mix and sustainability in the appropriate balance between urban and rural electrification amid strong commitment to the development of Mambilla Hydroelectric and the various solar projects under development across the country.
The deal was facilitated after a meeting between Nigerian President Buhari and his German counterpart, Chancellor Angela Merkel in 2018.
The Director General of the Bureau of Public Enterprise (BPE), Dr. Alex Okoh signed on behalf of the federal government and the Chief Executive Officer of the Siemens, Mr. Joe Kaeser signed for the firm.