Press Releases

FG Signs $463 Million agreement for distribution lines upgrade with Chinese consortium

To enhance the availability of electricity to homes and businesses nationwide, the Federal Government of Nigeria, represented by the Ministry of Power, has signed $463 million distribution lines upgrade contract with a Chinese consortium. The contract to be financed by the China Exim Bank has both off-shore and significant on-shore content. In a statement by […]

Siemens power deal phase one reaches 80% completion- FGN Power Company

Phase one of the Siemens power deal under the Presidential Power Initiative (PPI) is 80% complete according to the FGN Power Company. The pilot project which is described as a quick-win intervention strategy, aims to address immediate constraints in the Nigerian Electricity Supply Industry (NESI). The successful implementation of projects under Phase 1 is expected […]

Arrival of FGN Power Company – PPI mega power transformers to deliver 96MW to consumers

By Udeme Akpan, Energy Editor The arrival of FGN Power Company-Presidential Power Initiative, PPI, mega power transformers in Nigeria would deliver additional 96 megawatts, MW to consumers.ADVERTISING The transformers, manufactured by Siemens Energy arrived the Lagos Port about a week ago, under the PPI, which aims at increasing Nigeria’s supply to 7,000MW, 11,000MW and 25,000MW […]

FG, Siemens target 2,000MW under Presidential Power Initiative

By Guardian Nigeria The Federal Government and Siemens Energy have taken steps toward the realisation of 2,000 megawatts under the Phase 1 of the Presidential Power Initiative, PPI. The Minister of Power, Abubakar Aliyu had engaged Siemens’ Executive Management and Chief Executive Officer, FGN Power Company, Christian Bruche, to expedite actions on the production of […]

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