The Chief Executive Officer (CEO) Siemens Energy Nigeria Seun Suleiman has said the company would upgrade 22 transmission substations in addition to the new substations to be constructed under the Siemens power deal. He made this known following a visit by the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Simbi Wabote.
Suleiman noted that the Presidential Power Initiative (PPI) pre-engineering phase would be concluded in 10 months. ”The Presidential Power Initiative is going well. We are doing the pre-engineering. Pre-engineering is to design before you go to execution”, Suleiman stated. ”For the transmission scope, we were given initially 11 sites; they have added 22 sites”, he added.
He further noted that the Federal Government has issued a Letter of Credit for the project. ”We are doing the pre-engineering for the distribution network of this country. We have already got a letter of credit from the Federal Government to start it”, Suleiman noted.
The PPI will be carried out in three phases and is expected to improve grid capacity from 5000MW to 7000MW BY 2021 and up to 25000MW 2025. The PPI was commissioned in 2019 by President Muhammadu Buhari.