Nigeria, Germany Sign Deal To Generate 7,000 Megawatts of electricity In Nigeria

Nigeria and German based company, Siemens have reached officially put pen to paper to create the generation of 7,000 megawatts of electricity in Nigeria.
President Muhammadu Buhari signed the deal today to generate up to overall grid capacity to 25,000 MW.
The partnership is coming as a result of the meeting between President Buhari and German Chancellor, Angela Merkel on August 31, 2018.
At the end of the signing, President Buhari urged Siemens, distribution, and transmission companies as well as the Electricity Distribution Company of Nigeria to work hard to achieve 7,000 megawatts by 2021 and 11,000 megawatts by 2023 and overall grid capacity to 25,000 MW.
He also reaffirmed his commitment to developing Mambilla hydroelectric and various solar projects.
“We all know how critical electricity is to the development of any community or indeed any nation. And in Nigeria, whilst we are blessed to have significant natural gas, hydro and solar resources for power generation, we are still on the journey to achieving reliable, affordable and quality electricity supply necessary for economic growth, industrialization and poverty alleviation.
“These various interventions to solving the electricity problem have yielded an imbalance between the amount of power generated and the amount available for consumers. Despite over 13,000 megawatts of power generation capacity, only an average of 4,000 megawatts reliably reaches consumers.
“Now, we have an excellent opportunity to address this challenge. This Government’s priority was to stabilise the power generation and gas supply sector through the Payment Assurance Facility, which led to a peak power supply of 5,222 MW. Nonetheless, the constraints remained at the transmission and distribution systems.
“Our goal is simply to deliver electricity to Nigerian businesses and homes. My challenge to Siemens, our partner investors in the Distribution Companies, the Transmission Company of Nigeria and the Electricity Regulator is to work hard to achieve 7,000 megawatts of reliable power supply by 2021 and 11,000 megawatts by 2023 – in phases 1 and 2 respectively.
“After these transmission and distribution system bottlenecks have been fixed, we will seek – in the third and final phase – to drive generation capacity and overall grid capacity to 25,000 megawatts.”