{"id":30365,"date":"2020-09-08T09:59:00","date_gmt":"2020-09-08T09:59:00","guid":{"rendered":"http:\/\/watchdogplusmedia.com\/?p=30365"},"modified":"2020-09-08T09:59:08","modified_gmt":"2020-09-08T09:59:08","slug":"why-we-awarded-siemens-25000mw-power-revamp-contract-nigerian-govt","status":"publish","type":"post","link":"https:\/\/watchdogplusmedia.com\/?p=30365","title":{"rendered":"Why we awarded Siemens 25,000mw power revamp contract \u2013Nigerian govt"},"content":{"rendered":"\n
\"Minister<\/figure>\n\n\n\n

The Nigerian government on Monday revealed it chose Germany\u2019s Siemens AG<\/a> for the country\u2019s power sector revamp and upgrade of its grid capacity to 25,000 megawatts (mw) on the strength of the firm\u2019s global reputation and track record in the business.<\/p>\n\n\n\n

\u201cFirst and foremost, let me state that Siemens was chosen because they are the best in the business and have already undertaken similar initiatives elsewhere in Egypt and Iraq.<\/p>\n\n\n\n

\u201cFurthermore, they have experience operating in the local environment, which means we will have no issues in the implementation process,\u201d Power Minister, Sale Mamman said in a series of tweets on his official Twitter handle, @PowerMinNigeria.<\/p>\n\n\n\n

Nigeria\u2019s all-time peak generation<\/a> 5,420mw on 19th<\/sup> August but crumbled to 3,356mw<\/a> 48 hours after.<\/p>\n\n\n\n

Mr Mamman noted that the Siemens deal, which would transform the country\u2019s largely dilapidated power infrastructure, was monumental for the sector by virtue of its potential of enhancing the grid\u2019s operational capacity.<\/p>\n\n\n\n

\u201cIt will open up corridors for evacuation that will greatly reduce the burden of delivered capacity, which is costing the sector so much.<\/p>\n\n\n\n

\u201cInvestors will be more confident to participate in the sector as the grid achieves more functional operational capacity. This will also reduce financing cost in the evacuation process.\u201d<\/p>\n\n\n\n

The project, which the minister said had kicked off, is expected to be completed in five years, with implementation taking place in three phases.<\/p>\n\n\n\n

According to him, the first phase will concentrate on expanding the end-to-end operational grid capacity to 7,000mw while the second aims to enlarge the capacity of the transmission and distribution systems to enable evacuation of up to 11,000mw to end-users.<\/p>\n\n\n\n

\u201cPhase three targets expanding the power grid to 25GW capacity through further expansion of the generation, transmission and distribution systems,\u201d he stated.<\/p>\n\n\n\n

Towards consummating the deal, Mamman said the Nigerian government had to endorse an institutional framework comprising a government-sponsored Special Purpose Vehicle (SPV).<\/p>\n\n\n\n

\u201cThe SPV is capitalised by the Ministry of Finance to among others, serve as a regulator and guarantor of the project, representing the Federal Government in the Presidential Power Initiative negotiation.\u201d<\/p>\n\n\n\n

In July, the Federal Executive Council approved payment of \u20ac15.21 million (N6,940,081,465.20) offshore and N1.708 billion onshore as part of Nigeria\u2019s counterpart fund for the Siemens deal.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Nigerian government on Monday revealed it chose Germany\u2019s Siemens AG for the country\u2019s power sector revamp and upgrade of its grid capacity to 25,000 megawatts (mw) on the strength of the firm\u2019s global reputation and track record in the business. \u201cFirst and foremost, let me state that Siemens was chosen because they are the best in […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","_mi_skip_tracking":false},"categories":[25],"tags":[],"yoast_head":"\nWhy we awarded Siemens 25,000mw power revamp contract \u2013Nigerian govt » WatchDog Plus Media<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/watchdogplusmedia.com\/?p=30365\" \/>\n<meta name=\"author\" content=\"Odofin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/watchdogplusmedia.com\/?p=30365#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/watchdogplusmedia.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Electricity\",\"item\":\"https:\/\/watchdogplusmedia.com\/?cat=25\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Why we awarded Siemens 25,000mw power revamp contract \u2013Nigerian govt\"}]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Why we awarded Siemens 25,000mw power revamp contract \u2013Nigerian govt » WatchDog Plus Media","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/watchdogplusmedia.com\/?p=30365","author":"Odofin","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"BreadcrumbList","@id":"https:\/\/watchdogplusmedia.com\/?p=30365#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/watchdogplusmedia.com\/"},{"@type":"ListItem","position":2,"name":"Electricity","item":"https:\/\/watchdogplusmedia.com\/?cat=25"},{"@type":"ListItem","position":3,"name":"Why we awarded Siemens 25,000mw power revamp contract \u2013Nigerian govt"}]}]}},"rttpg_featured_image_url":null,"rttpg_author":{"display_name":"Odofin","author_link":"https:\/\/watchdogplusmedia.com\/?author=2"},"rttpg_comment":0,"rttpg_category":"<a href=\"https:\/\/watchdogplusmedia.com\/?cat=25\" rel=\"category\">Electricity<\/a>","rttpg_excerpt":"The Nigerian government on Monday revealed it chose Germany\u2019s Siemens AG for the country\u2019s power sector revamp and upgrade of its grid capacity to 25,000 megawatts (mw) on the strength of the firm\u2019s global reputation and track record in the business. \u201cFirst and foremost, let me state that Siemens was chosen because they are the best in…","_links":{"self":[{"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/posts\/30365"}],"collection":[{"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=30365"}],"version-history":[{"count":-4,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/posts\/30365\/revisions"}],"wp:attachment":[{"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30365"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}