Nigeria on Monday signed an electricification deal targetted at achieveing 25,000 megawatts with German firm, Siemens AG. The implementation agreement for the Nigeria Electrification Roadmap (NER), was signed nnte State House in the presence of President Muhammadu Buhari and the President/CEO of Siemens AG, Mr. Joe Kaeser and the German Deputy Ambassador to Nigeria, Regine Hess.
In his remarks during the signing, President Buhari described the NER as “an excellent opportunity” to address Nigeria’s power challenges that successive governments have grappled with.
He said his “government’s priority was to stabilise the power generation and gas supply sector through the Payment Assurance Facility, which led to a peak power supply of 5,222 MW. Nonetheless, the constraints remained at the transmission and distribution systems.”
He then explained that the priority of the NER will be to fix the transmission and distribution infrastructure especially around economic centres where jobs are created.
Speaking further, he 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.
“With our strong commitment to the development of Mambilla Hydroelectric and the various solar projects under development across the country, the long-term power generation capacity will ensure adequate energy mix and sustainability in the appropriate balance between urban and rural electrification.
“Our intention is to ensure that our cooperation is structured under a Government-to-Government framework. No middlemen will be involved, so that we can achieve value for money for Nigerians. We also insist that all products be manufactured to high quality German and European standards and competitively priced.”
Also at the signing ceremoney were CEO Siemens Mrs Onyeche Tifase and the Director General of the Bureau of Public Enterprise, Alex Okoh.