Business News

Nigeria to Commission Siemens Power Transformers

Siemens Power Transformer

By Adedapo Adesanya The federal government is set to commission some of the 10 planned power transformers in the first phase of the collaborative Siemens Power Project under the Presidential Power Initiative (PPI) amid continued efforts to improve Nigeria’s power structure. Originating from discussions held in 2018 between former President Muhammadu Buhari and German Chancellor, Ms Angela Merkel, the PPI strives to help the power industry attain financial independence through promoting investments in critical infrastructure. By addressing transmission and distribution limitations, the initial phase of the program plans to boost capacity to 7GW. Despite significant delays, the project aims to