SECTOR INSIGHT 21/10/2022
Siemens Transformers To Boost Power Supply From November
President Buhari has expressed delight at the implementation arrangements of the partnership with Siemens and the German Government to improve electricity generation adding that the first batch of two power transformers already delivered by Siemens would be commissioned in November 2022.
The president also assured that 10 Power Transformers and 10 Mobile Substations would have been completely delivered and installed by May 2023.
Receiving officials of Siemens Energy AG at State House on Thursday, the President urged them not to relent in ensuring that government’s commitment to Nigerians in delivering the Presidential Power Initiative (PPI) is fulfilled.
“A plan to deliver capacity improvements of 2,000 Megawatts in the transmission-distribution interface is now firmly the focus of PPI Phase I,” he added.
The President told Chief Executive Officer (CEO) of Siemens Energy, Dr. Christian Bruch, the CEO of Siemens Africa, Nadia Haakansson, and the CEO of Siemens Nigeria, Mr. Seun Suleiman, that the outcome of the collaboration will deliver critical business enablers and opportunities to engage young enterprising Nigerians in various endeavours.
The President added that he looks forward to the 5,000 engineers that would have been trained by the end of the programme.
He also thanked Chancellor Olaf Scholz for the German Government’s continued support for the PPI.
Dr Christian Bruch, after sympathizing with Nigerians affected by the current devastating flood, said his team was fully committed to the PPI, ‘’and we will push forward in the weeks and months ahead, as we need to move the process faster.’’
He also promised to continue with trainings and improvement of capacities, adding that though general elections were ahead in Nigeria, “the power initiative will continue, as we are fully committed, and will accelerate the process.’’