The Minister of Power, Mr Abubakar Aliyu, says Siemens Power Project when completed will increase Nigeria\u2019s electricity from the current 4,500 Megawatts (MW) to 25,000 MW.<\/p>\n\n\n\n
Aliyu said this in Abuja at a workshop organised by the Power Correspondents Association of Nigeria (PCAN).<\/p>\n\n\n\n
In July 2019, the Federal Government signed a power deal with Siemens AG, to increase Nigeria\u2019s electricity generation to 25,000 MW.<\/p>\n\n\n\n
According him, President Muhammadu Buhari\u2019s administration had put everything in place for the partnership to work, adding that the project had the capacity to expand Nigeria\u2019s electricity to 25,000MW.<\/p>\n\n\n\n
He said the Presidential Power Initiative (PPI) which began in 2021, was in three phases and was estimated to be completed in 2025.<\/p>\n\n\n\n
\u201cThe phases cover the upgrading and expansion of the Transmission Networks (TN) and Distribution Companies (DisCos) networks.<\/p>\n\n\n\n
\u201d Improvement of access to affordable, efficient and reliable electricity and, providing support of industrial and economic growth in the country.<\/p>\n\n\n\n
\u201cGiven Siemens AG\u2019s accomplishment of a similar plan in Egypt and also its reputation as an international giant in the power sector related engagements,<\/p>\n\n\n\n
\u201d It is strongly believed that the Nigeria Electricity Roadmap (NER)<\/p>\n\n\n\n
is possible and achievable,\u201d he said.<\/p>\n\n\n\n
The minister also explained that the government was currently evaluating the procurement process and was confident that a positive outcome would emerge.<\/p>\n\n\n\n
He said the project had reached an advanced stage in line with the Siemens project implementation plan.<\/p>\n\n\n\n
According to him, sustainable growth in the power sector can only be achieved by adding renewable sources to the energy mix.<\/p>\n\n\n\n
\u201cToday, for example, 80 per cent of our energy comes from gas-fired plants.<\/p>\n\n\n\n
\u201cGovernment is driving the change to increase the quantum of renewable energy sources using solar, wind and hydros across the nation.<\/p>\n\n\n\n
\u201cWe are encouraging investments in renewable sources in areas with comparative advantages.<\/p>\n\n\n\n
\u201cWe are working tirelessly to increase the hydro and solar opportunities in the country,\u201d he said.<\/p>\n\n\n\n
In his remarks, the Minister of State for Power, Mr Goddy Jeddy-Agba urged investors to invest in the renewable energy sector.<\/p>\n\n\n\n
According to him, government has developed favourable policies and business-friendly environment for them.<\/p>\n\n\n\n
\u201cWe are not just looking at foreign investors, we want our local investors too<\/p>\n\n\n\n
to embrace the renewable energy sector.<\/p>\n\n\n\n
\u201cWe want to assure all our investors and would-be investors that we will<\/p>\n\n\n\n
continue to create favourable policies and business \u2013 friendly environments<\/p>\n\n\n\n
for their investments to thrive,\u201d he said.<\/p>\n\n\n\n
Jeddy-,Agba said the Buhari\u2019s administration had introduced many favourable policies to water the ground for Federal Government\u2019s partners.<\/p>\n\n\n\n
The minister urged power correspondents to factually project the reformation going on in the sector.<\/p>\n\n\n\n
\u201d I want to stress here that as power correspondents, you owe it a duty to factually project the reformation going on in the power sector.<\/p>\n\n\n\n
\u201cIn areas where you need clarification, contact relevant authorities because as insiders, you are supposed to be more accurate with your reportage<\/p>\n\n\n\n
concerning the sector than others, \u201d he said.<\/p>\n\n\n\n
Earlier, the Chairman of PCAN, Mr Obas Esiedesa said that the capacity of journalists must be developed.<\/p>\n\n\n\n
\u201cMore importantly in an emerging democratic setting like ours, and specially in an evolving electricity market like that of Nigeria.<\/p>\n\n\n\n
\u201d To this end, we are determined as an association to ensure that this capacity building workshop enlarges the knowledge of journalists covering the electricity sector.<\/p>\n\n\n\n
\u201cAnd afford them the opportunity to interact with top government officials, regulators and industry operators,\u201d he said.<\/p>\n\n\n
The Minister of Power, Mr Abubakar Aliyu, says Siemens Power Project when completed will increase Nigeria\u2019s electricity from the current 4,500 Megawatts (MW) to 25,000 MW. Aliyu said this in Abuja at a workshop organised by the Power Correspondents Association of Nigeria (PCAN). In July 2019, the Federal Government signed a power deal with Siemens […]<\/p>\n","protected":false},"author":2,"featured_media":5617,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[296,461],"tags":[143,668],"class_list":["post-38802","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-social-economic","category-technology-ict","tag-electricity","tag-siemens","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"\n