By Taiwo-Hassan Adebayo
Nigeria is eyeing 25,000 megawatts of operational capacity in the electricity system through a new three-phase plan designed by the tech giant, Siemens AG.
The company was tapped by the German government for the power sector of the largest economy
President Muhammadu Buhari signed the agreement with Siemensrepresented by its chief, Joe Kaeser, in Abuja on Monday. The agreement, PREMIUM TIMES is aware, followed a technical and commercial proposal delivered to the Nigerian government in May this year.
German Chancellor Angela Merkel had tapped Siemens to help Nigeria develop a roadmap “to resolve existing challenges in the power sector and expand the capacity for future power needs” after a meeting the German leader had with Mr. Buhari last August in Abuja.
The plan has three phases, ultimately targeting 25,000 MW of operational capacity long term from 7,000 MW and 11,000 to be achieved by 2021 and 2023, respectively, through the first two phases.
