The Special Adviser to the President, Ajuri Ngelale, disclosed this in a statement. He said the signing was presided over by President Bola Tinubu and the German Chancellor Olaf Scholz.
According to the statement, the Managing Director of the Federal Government of Nigeria Power Company, Kenny Anuwe, signed on Nigeria’s behalf, while the Managing Director (Africa), Siemens AG, Nadja Haakansson, signed for Germany.
Speaking after the signing ceremony, Anuwe highlighted Siemens Energy’s effective delivery of crucial equipment worth over 63 million Euros to the country since the project commenced,” the statement read.
This, he said, includes 10 units of 132/33KV mobile substations; 3 units of 75/100MVA transformers, and 7 units of 60/66MVA transformers, currently being installed by FGN Power Company at various sites across Nigeria.
“The project will also focus on identified load demand centres with a particular emphasis on economic and industrial hubs nationwide; execution of new 330kV and 132/33KV substations in target load centres with economic priority, in addition to thousands of kilometres of overhead transmission lines to connect new substations with existing ones,” he added.
Ngelale pointed out that since assuming office, President Tinubu has consistently advocated the accelerated realization and expansion of the PPI, saying the project has been a major focal point in three rounds of bilateral discussions at several meetings between the President and the German Chancellor, in New Delhi, Abuja, and Berlin.
According to him, the agreement will see to the end-to-end modernization and expansion of Nigeria’s electric power transmission grid with the full supply, delivery, and installation of Siemens-manufactured equipment a timeline of 18 to 24 months.
Th3 presidential spokesman emphasised that the agreement will ensure project sustainability and maintenance with full technology transfer and training for Nigerian engineers at the Transmission Company of Nigeria (TCN).