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Home Energy

FG eyes 1600MW with new power stations, transformers

Business 360 by Business 360
May 18, 2023
in Energy
0
Power Sector: FG approves N6.2bn for six new power projects in the country

The Federal Government, on Wednesday, said the facilities required to raise Nigeria’s electricity output by about 1,600 megawatts, under phase one of the Presidential Power Initiative, had been delivered and deployed.

Under the PPI, the Federal Government is partnering with the German firm, Siemens, to deploy power transformers, mobile stations and other facilities, with the aim of growing Nigeria’s grid power generation to 25,000MW.

Providing updates on the deal in Abuja, the Federal Government of Nigeria Power Company, a Special Purpose Vehicle established to secure financing, coordinate stakeholders and enter contractual arrangements to deliver the PPI projects, said the first phase of the PPI had reached an advanced stage.

The company said it had received delivery of about 80 per cent of the equipment for the pilot projects, which were being deployed to critical sites across the country to improve power transmission capacity.

It outlined some of the sites to include Apo, Ajah, Okene, Nike Lake, Kwanar Dangora, Maryland, Omouaran, Ojo, Amukpe, Ihovbor, Potiskum, Birnin Kebbi, among others. The Managing Director, FGN Power Company, Kenny Anuwe, explained that the first phase of the PPI would add 2,000MW of power to the national grid.

SOURCE: THE PUNCH

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