FG Approves Funding for First Phase of Siemens Electricity Deal - THISDAYLIVE

The federal government Wednesday directed the ministries of power and finance, and the Bureau of Public Enterprises to immediately begin the process of finalising the pre-engineering and concessionary financing agreement with Siemens AG, to rev up the power supply in the country.

He said that the goal was to achieve 7,000 megawatts of reliable power supply by 2021 and 11,000 megawatts by 2023 in phases one and two respectively, noting that after the transmission and distribution system bottlenecks had been fixed, the third and final phase would be to drive generation capacity and overall grid capacity to 25,000 megawatts.

“It means that the Discos, working with the federal government, have identified the gaps and have decided on how to close it. So, it means for example, if 20 transformers are needed in a particular area, it is the Discos that have proposed that. It’s a good thing. “All items to be purchased were provided by the Discos and Transmission Company of Nigeria @TCN_NIGERIA and they will be vetted by a professional Project Management Office.

May God help us this time and finally too on this electricity issue. There’s hope in sight already

Audio

Imagine if PDP had done this and buhari is adding his own, power supply will head to atleast 30k megawatts.

Good news

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