Would you like to receive notifications on latest updates of the following headlines?

FG, Siemens Power Project Enters Next Phase - Minister

POSTED ON April 8, 2024 •   Business      BY Abiodun Saheed Omodara
Minister of Power, Adebayo Adelabu lCredit: @BayoAdelabu l Source: X

The Minister of Power, Adebayo Adelabu, has assured improvements in the country’s power generation and supply.
This follows the receipt of electricity transformers and substations for the $2.3 billion Siemens power project. 

The minister, in a statement on Sunday, said 
"Nigerians will start seeing improvements in the strength of the national grid and the efficiency and effectiveness of the distribution companies. 
"We are on top of it, and President Bola Ahmed Tinubu is exceptionally committed to seeing these projects come to reality." 

He explained that the pilot phase involved the offshore importation of ten power transformers and ten mobile substations to be used as a Proof of Concept for these projects. 

"All these items have arrived in the country; five out of the 10 transformers have been installed at various locations across the country. 

“We have also installed three out of 10 mobile substations, with seven more to go. Once we finish installing them, we will commission and energise them. At that point, Nigerians will begin to see the impact of this project,” he said.
Adelabu noted that the next phases of the project included transforming the transmission segment or network by expanding the transmission capacity and strengthening the transmission to avoid the current fragility that leads to persistent grid collapse.
This, he said, would involve upgrading about 14 existing power transmission substations as well as the establishment of 22 new transmission substations.
“It’s going to involve the installation of new transmission power lines, the reconducting of some lines, and the conduct of some existing power lines, totalling almost 14,000 kilometres as the transmission segments. The same thing applies to the distribution segments, whereby our existing injection substations will be enhanced in the distribution companies.
“There will be replacements and upgrades of 33KV and 11KV transformers, numbering about 6,000 transformers. We will also reconduct and install new lines, totalling almost 22,000km of lines.
“So, I believe that once we are done with this first phase of the presidential power initiatives, called Siemens projects, Nigerians will start seeing improvements in the strength of the national grid and the efficiency and effectiveness of the distribution companies. We are on top of it, and President Bola Ahmed Tinubu is exceptionally committed to seeing these projects come to reality,” he maintained.

READ ALSO
Anambra assembly voices concerns over Onitsha drug market closure impacting local economy
BY Abiodun Saheed Omodara February 26, 2025 0

ANAMBRA, Nigeria (NAN) - The Anambra House of Assembly has adopted a resolution urging the National...

READ ALSO
Consumer protection agency challenges MultiChoice over unilateral price increases
BY Abiodun Saheed Omodara February 26, 2025 0

The Federal Competition and Consumer Protection Commission (FCCPC) has called on MultiChoice Nigeria...

READ ALSO
Ogun secures $2.5bn livestock investment from Brazilian giant JBS
BY Abiodun Saheed Omodara February 24, 2025 0

Ogun State is poised to benefit from a $2.5 billion investment in livestock production from JBS, a c...

READ ALSO
FG, WIPO join forces over Nigerian SMEs growth
BY Abiodun Saheed Omodara February 22, 2025 0

The Federal Government has teamed up with the World Intellectual Property Organisation (WIPO) to boo...

READ ALSO
Illicit foreign mining activities endanger African nations- USIP Director
BY Abiodun Saheed Omodara February 21, 2025 0

The United States Institute for Peace (USIP) has stated that foreign mineral extraction in Africa po...

READ ALSO
NMGS advocates for AI, 3D technologies in transforming Nigeria's oil reservoir management
BY Abiodun Saheed Omodara February 21, 2025 0

ABUJA, Nigeria (NAN) - The Nigerian Mining and Geosciences Society (NMGS) has urged the incorporatio...

READ ALSO
CBN introduces FX Code to enhance Forex market transparency, stability
BY Abiodun Saheed Omodara February 21, 2025 0

The Central Bank of Nigeria (CBN) has kept its monetary policy rates unchanged and reaffirmed its de...

READ ALSO
Senate to hold public hearing on Tinubu's tax reform bills
BY Abiodun Saheed Omodara February 20, 2025 0

The Senate is set to commence a two-day public hearing concerning the four tax reform bills proposed...

OUR CHANNELS:

Enugu lawmaker advocates tenant protection against excessive housing fees
BY Abiodun Saheed Omodara February 26, 2025 0

ENUGU, Nigeria (NAN) - A proposed bill aimed at regulating agency and legal fees for housing has pas...


Consumer protection agency challenges MultiChoice over unilateral price increases
BY Abiodun Saheed Omodara February 26, 2025 0

The Federal Competition and Consumer Protection Commission (FCCPC) has called on MultiChoice Nigeria...


Court charges attending Nurse, Exonerates Naira Marley and associates in Mohbad Case
BY Abiodun Saheed Omodara February 26, 2025 0

The Lagos State Magistrate Court located in Sabo, Yaba, has exonerated Nigerian artist Abdulazeez Fa...


DSVA unveils New initiatives to support survivors of domestic, sexual violence
BY Abiodun Saheed Omodara February 26, 2025 0

LAGOS, Nigeria - The Lagos State Domestic and Sexual Violence Agency (DSVA) has introduced two new i...


China’s Visa Process Simplified: Over 19,000 issued in Lagos
BY Abiodun Saheed Omodara February 25, 2025 0

The Consul General of the People’s Republic of China in Lagos,Yan Yuqing, has remarked that ob...


NLC advise IMF, World Bank to halt aid to unaccountable governments
BY Abiodun Saheed Omodara February 25, 2025 0

The Nigeria Labour Congress (NLC) has urged the International Monetary Fund (IMF) and World Bank (WB...


Breast cancer cases set to rise dramatically in low-income countries - WHO
BY Abiodun Saheed Omodara February 25, 2025 0

The World Health Organization (WHO) has released a new report indicating that breast cancer cases ar...


MultiChoice increases DStv, GOtv prices amid Nigeria's economic challenges
BY Abiodun Saheed Omodara February 25, 2025 0

The South African broadcasting company, MultiChoice, has once again raised the prices of its DStv an...


NABTEB results show 67.56% success rate despite decrease from previous year
BY Abiodun Saheed Omodara February 25, 2025 0

The National Business and Technical Examinations Board (NABTEB) has announced the results of its Nov...


Tinubu advocates stronger security agency collaboration to combat crime
BY Abiodun Saheed Omodara February 25, 2025 0

President Bola Tinubu has called for enhanced collaboration among the country's security agencies to...


More Articles

Load more...

Menu