August 8, 2023 8:09 AMSiemens Energy, a German engineering company, says plans to complete the of revamping Nigeria’s power infrastructure will take an additional five years than originally planned due to delays caused by the coronavirus pandemic .
Oladayo Orolu, head of business development and government relations at Siemens Energy, spoke on Monday in an interview with Bloomberg.deliver 7,000 megawatts of electricity to the national grid by 2021, and 11,000 megawatts by 2023 — in phases one and two of this initiative, respectively. The deal was under the presidential power initiative , a power upgrade and modernisation programme between the Nigerian government and Siemens with the support of the German government.A year later, the federal government approved the payment of €15.21 million and N1.708 billion as counterpart funding for the project.$1.9 million and €62.
the three-phased project would expand Nigeria’s electricity to 25,000MW when completed, and “commence in the first quarter of 2022”.Providing updates during the Bloomberg interview, Orolu said the deal to rehabilitate and expand the country’s electricity grid by 2025, will now be concluded in 2030.
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