Siemens Deal: Buhari Assures 20 Power Transformers, Mobile Substations Ready By May *Says two transformers for inauguration next month *Reiterates partnership with Germany, Siemens to improve electricity generation *Lauds traini
*Reiterates partnership with Germany, Siemens to improve electricity generationThe end appears in sight for the perennial power outage in the country as the federal government is billed to take delivery of 22 power transformers and mobile stations from Germany between November this year and May next year. President Muhammadu Buhari gave an indication to this effect yesterday when he played host to officials of Siemens Energy AG at State House, Abuja.
“This is in spite of production challenges and constraints due to the COVID-19 pandemic that has severely impacted global production and supply chain.” The president welcomed the training of 200 Nigerian engineers on network development studies under the PPI, saying it represents “a very important up-skilling and knowledge transfer process”.
“In April 2022, the Minister of Power briefed me on the outcome of his visit to Germany, where he held meetings with Siemens executives. “The PPI remains a priority project for our administration and Nigerians believe in the value that the Siemens’ brand can deliver.Buhari thanked the government of Germany for approving Euler Hermes to provide cover for the financing of the PPI pilot project, stating that this will serve as a template for the subsequent phases.