FG-Siemens Extends Power Project To 2030, Cites COVID-19 Crisis

Power Project
FG-Siemens Extends Power Project To 2030, Cites COVID-19 Crisis

The completion date of the 11,000 megawatts power project signed between the Federal Government and German-based Siemens has been shifted to 2030, BrandSpur Nigeria reports.

In July 2019, the Director-General of the Bureau of Public Enterprises, Alex Okoh, on behalf of the Federal Government, signed the agreement, while the Global Chief Executive Officer of Siemens, Joe Kaeser, signed on behalf of Siemens, to achieve 7,000 megawatts of reliable power supply by 2021, and 11,000 megawatts by 2023.

However, a report by Bloomberg on Monday quoting the head of business development and government relations at Siemens Energy, Oladayo Orolu, said the company expected to complete the project by 2030 “due to delays caused by the coronavirus pandemic.”

The three-phase project was set back by delays in starting the first phase, he said.

“When we conceptualized this project in 2018, our plan was within two years we should be done with phase one, but then COVID-19 happened, disrupting supply chains, which meant getting raw materials took longer than before,” Orolu said.