The electricity deal between the Federal Government and Siemens AG will impact on upgrade of 105 power substations and the construction of 70 new ones, Nigeria ‘s Minister of Power Sale Mamman has said.
The minister, in providing what he described as ‘key details’ of the Presidential Power Initiative (PPI) deal in a monitored television programme on Arise Television, noted that the Siemens AG power deal represents one of the largest and most transparent power sector investments in modern-day Nigeria.
The minister while listing the details under major infrastructural points, project timeline and expansion outcomes, explained that the deal for which the federal government made an initial N8.6 billion commitment penultimate week, would totally transform the sector...for further reading, click on https://businessday.ng/energy/article/fg-confirms-siemens-plan-to-upgrade-105-substations-in-power-deal/
SOURCE: BusinessDay Newspaper Aug 12,2020.