FG, Siemens Sign Pre-engineering Contract to Boost Power Generation to 25,000MW

February 26, 2021/Cowry Asset Report

In the just concluded week, the Federal Government further took another bold step, as regards its promise to deliver electricity to more households in Nigeria, as it signed a contract of the pre-engineering phase of the Presidential Power Initiative project (previously known as Nigerian Electrification Roadmap) with Siemens.

FG commenced this project in July 2019 when it signed a Letter of Agreement with Siemens AG on the Nigerian Electrification Roadmap which is meant to upgrade the country’s electricity network to achieve operational capacity of 25,000 megawatts from the current average of around 4,500 megawatt.

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