The Federal Government of Nigeria has taken a major step in resolving ongoing issues in the electricity’s industry by signing a $328.8 million deal with China Machinery Engineering Corporation (CMEC) to develop and repair the nation’s electrical transmission network.
Under the Presidential Power Initiative (PPI), Phase 1, the deal was signed. It covers the engineering, procurement, construction, and financing (EPC+F) of new 330kV and 132kV transmission lines that will reach 544 kilometers across the country.
A special purpose company created by the government to carry out the PPI, FGN Power Company, would oversee the project.
The project’s significance in improving energy distribution and unleashing Nigeria’s economic potential was emphasized by Minister of Power Adebayo Adelabu during his remarks at the event in Abuja.
He said “These critical infrastructure projects act as the main arteries to deliver increased power from midstream transmission directly to homes, businesses, and industries,”
“This is a key step in eliminating bottlenecks across our power value chain.” he added.
Reiterating President Bola Tinubu’s pledge to provide stable and dependable energy across the country, Adelabu highlighted the project’s 7,140 megawatt load capacity as essential to the growth of the country.
According to Kenny Anuwe, the Managing Director of FGN Power Company, the collaboration with CMEC is “a strategic move to develop a robust transmission network capable of supporting increased generation,”
Anuwe went on to say that CMEC’s contribution will enhance Siemens Energy’s current high-voltage infrastructure projects.
The project will “greatly enhance electricity delivery and improve the daily lives of Nigerians,” according to Li Xiaoyu, Vice President of SINOMACH, the parent company of CMEC, who also praised the Nigerian government for their faith.
With the goal of unlocking stuck generation and increasing economic output, the deal marks a renewed push in Nigeria’s search for a more dependable electricity supply.
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