Siemens Electricity Supply Deal: 3,800 Transformers to Be Installed – FG
The Minister of Power, Sale Mamman has disclosed that the electricity deal between the Federal Government and the German Siemens AG will necessitate the installation of about 3,800 power and distribution transformers across the country.
The Office of the Minister of Power disclosed this in series of tweets on Tuesday, which were further affirmed by the Minister of Power, Sale Mamman, via his official Twitter handle.
Mamman explained that the 3,800 power and distribution transformers would come under the first phase of the Presidential Power Initiative deal with the German government and Siemens.
The Federal Executive Council had approved the payment of €15.21m (N6,940,081,465.20) offshore and N1.708bn onshore as part of Nigeria’s counterpart funding for the power deal with Siemens AG.
The total amount approved by FEC in July for the deal was N8,648,081,465.2.
According to the Office of the Power Minister, a breakdown on some of the distribution projects as proposed by power distribution companies to be implemented in phase one of the deal, 3,765 distribution transformers would be deployed.
It hinted that 35 power transformers, would be provided in phase one of the PPI/Siemens deal.
Adding that 11 units of trailer mounted transformers would be deployed, while 431 units of auxiliary equipment would be made available.
In July 2019, the Federal Government and Siemens signed a Letter of Agreement on the Nigeria Electrification Road Map.
This was after Nigeria’s President, Muhammadu Buhari and the German Chancellor, Angela Merkel, met on August 31, 2018, in Abuja.
Additional data from the Office of the Minister of Power showed that under phase one of the deal, a total of 1,904 units of protective devices would be deployed across electricity distribution projects.
Also, 11 units of safety and testing equipment would be made available, while 33 units of software licences would be provided.
By Peace Obi