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Press Release23 July 2019Siemens AGAbuja
Siemens and Nigerian Government signed implementation agreement for Electrification Roadmap
Signing of the Implementation Agreement for Nigeria in Abuja. From left to right: Onyeche Tifase, CEO Siemens Nigeria, Alex Okoh, Director General of Bureau of Public Enterprises, Joe Kaeser, President and CEO of Siemens AG and Regine Hess, German deputy ambassador to Nigeria.
“The signing of the Nigeria Electrification Roadmap
is a major milestone in the partnership between Nigeria and Germany as well as
Nigerian companies and Siemens,” said Joe Kaeser, President and CEO of Siemens
AG. “Its implementation will significantly enhance Nigeria`s energy system,
create thousands of new qualified jobs and will enable the country and its
people for the next level of industrial and societal development.”
Nigeria`s power system is suffering from an imbalance between power
generation and consumption. Despite more than 13,000 megawatts (MW) of power
generation capacity in the country, only an average of 3,400 MW reliably
reaches consumers. The inadequate power supply results in regular blackouts and
has stunted the Nigeria`s economic development. Removing severe bottlenecks
within the transmission and distribution grid is necessary to allow free flow
of electricity.
Against
this background, the Federal Government of Nigeria and Siemens have defined the
Nigeria Electrification Roadmap. The Roadmap is structured in three
phases. Phase 1 is focusing on essential
and quick-win measures to increase the system`s end-to-end operational capacity
to 7,000 MW. Phase 2 is targeting remaining network bottleneck`s to enable full
use of existing generation and distribution capacities, bringing the systems
operational capacity to 11,000 MW. Phase
3 is developing the system up to 25,000 MW in the long-term. This includes
upgrades and expansions in both generation, transmission and distribution.
Siemens Gas and Power (GP) is a global pacesetter in energy, helping customers
to meet the evolving demands of today’s industries and societies. GP comprises
broad competencies across the entire energy value chain and offers a uniquely
comprehensive portfolio for utilities, independent power producers,
transmission system operators and the oil and gas industry. Products,
solutions and services address the extraction, processing and the transport of
oil and gas as well as power generation in central and distributed thermal power
plants and power transmission in grids. With global headquarters in Houston in
the U.S. and more than 64,000 employees in over 80 countries, Siemens Gas and
Power has a presence across the globe and is a leading innovator for the energy
systems of today and tomorrow, as it has been for more than 150 years.
Siemens AG
(Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence,
innovation, quality, reliability and internationality for more than 170 years. The company is active
around the globe, focusing on the areas of electrification, automation and digitalization. One of the
largest producers of energy-efficient, resource-saving technologies, Siemens is a leading supplier of
efficient power generation and power transmission solutions and a pioneer in infrastructure solutions
as well as automation, drive and software solutions for industry. With its publicly listed subsidiary
Siemens Healthineers AG, the company is also a leading provider of medical imaging equipment – such as
computed tomography and magnetic resonance imaging systems – and a leader in laboratory diagnostics as
well as clinical IT. In fiscal 2018, which ended on September 30, 2018, Siemens generated revenue of
€83.0 billion and net income of €6.1 billion. At the end of September 2018, the company had around
379,000 employees worldwide. Further information is available on the Internet at
www.siemens.com
.
Contact
Mr. Alfons Benzinger
Siemens AG
Freyeslebenstr. 1
91058 Erlangen
Germany
91058 Erlangen
Germany
+49 (9131) 17-34649