As the Federal Government and its partner, Siemens Energy continue to progress in their efforts at making sure that Nigeria has a stable power supply, the first set of morbid power transformers in the €63 million deal have started arriving in Nigeria.
According to the minister of Power, Abubakar Aliyu, who was speaking at the 5th National Council on Power (NACOP) in Abuja said the 10 morbid power transformers to be situated across the country have started arriving.
He said based on the pact, an order was placed for the purchase of the 10 morbid power transformers.
Speaking further, the minister 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.
According to 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.
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.