Nigeria’s electricity capacity would increase from the current 4,500 megawatts to 25,000 megawatts once the Siemens Power Project under the Presidential Power Initiative is completed.
Minister of Power Abubakar Aliyu disclosed this on Thursday at a workshop organized by the Power Correspondents Association of Nigeria (PCAN).
The Presidential Power Initiative was signed in 2019 but constructions began in 2021.
The project, in collaboration with Siemens, is set to be completed in three phases and is estimated to finish in 2025.
“The phases cover the upgrading and expansion of the Transmission Networks (TN) and Distribution Companies (DisCos) networks,” the minister said.
“Improvement of access to affordable, efficient, and reliable electricity and, providing support for industrial and economic growth in the country.
“Given Siemens AG’s accomplishment of a similar plan in Egypt and also its reputation as an international giant in the power sector related engagements, it is strongly believed that the Nigeria Electricity Roadmap (NER) is possible and achievable,” Aliyu stated.
Aliyu said the government was confident of a positive outcome from the project, saying that they were evaluating the procurement process.
The minister also said that despite 80 percent of energy in Nigeria coming from gas-fired plants, the federal government was considering attempts to add renewable sources of energy using solar, wind, and hydropower plants across Nigeria.
“We are encouraging investments in renewable sources in areas with comparative advantages,” he said. “We are working tirelessly to increase the hydro and solar opportunities in the country,” he added.
Stay ahead with the latest updates! Join The ConclaveNG on WhatsApp and Telegram for real-time news alerts, breaking stories, and exclusive content delivered straight to your phone. Don’t miss a headline — subscribe now!
