Business A.M
No Result
View All Result
Saturday, March 7, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Energy

Siemens to deliver 20 power transformers, mobile substations by May 2023

by Admin
January 21, 2026
in Energy

By Innocent Obasi

 

 

The federal government is expected to receive 22 power transformers and mobile stations from Germany between November of this year and May of next year.

President Muhammadu Buhari gave the hint on Wednesday when he hosted representatives of Siemens Energy AG at the State House, Abuja.

Buhari expressed delight at the remarkable progress in the implementation of the Presidential Power Initiative (PPI), informing that the first batch of two power transformers had already been supplied by Siemens and would be put into service in November.

Siemens to deliver 20 power transformers, mobile substations by May 2023
“I have been reliably assured that 10 power transformers and 10 mobile substations would have been completely delivered and installed by May 2023,” Buhari said.

“This is in spite of production challenges and constraints due to the COVID-19 pandemic that has severely impacted global production and supply chain,” he said.

The president pledged the dedication of the federal government to the collaboration with Siemens and the German government to enhance electricity generation in Nigeria. He urged top officials of Siemens not to relent in making sure that the government’s commitment to Nigerians in delivering the PPI was achieved.

Buhari told Christian Bruch, president and CEO of Siemens Energy, Nadia Haakansson, CEO of Siemens Africa, and Seun Suleiman, CEO of Siemens Nigeria, that the outcome of the partnership between Nigeria and Siemens will produce vital business enablers and chances to include young, entrepreneurial Nigerians in various endeavours.

The president welcomed the training programme of 200 Nigerian engineers on network development studies under the PPI, calling it “a very important up-skilling and knowledge transfer process”.

He expressed excitement for the 5,000 engineers who would be trained by the end of the programme.

Buhari recalled his promise to Nigerians at the inception of his administration to improve electricity supply by resolving capacity deficit across the sector’s value chain. He thanked the German government, which under former Chancellor Angela Merkel supported the country in the signing of a Memorandum of Understanding with Siemens.

He also expressed his gratitude to Chancellor Olaf Scholz for Germany’s sustained support of the PPI.

“A plan to deliver capacity improvements of 2,000 megawatts in the transmission-distribution interface is now firmly the focus of PPI Phase I,” Buhari told the Siemens team.

“In April 2022, the inister of power briefed me on the outcome of his visit to Germany, where he held meetings with Siemens executives. That visit was fruitful in emphasising the need to expedite delivery of the pilot PPI project, elements of which have started arriving in the country,” he said.

He expressed gratitude to the German government for approving Euler Hermes to provide cover for the financing of the PPI pilot project, stating that this will serve as a model for the subsequent phases.

Acknowledging that the overall frameworks for technical and commercial arrangements were being concluded, he said, “However, what I would like to see is that we attain completion of the entire transaction process by December 2022. This will entrench the mandate of the PPI in full committal terms.”

Admin
Admin
Previous Post

Getting the crowd. Lowering fees. Lesson from EAC

Next Post

September 2022 Inflation – Headline inflation rises, albeit softer pressures

Next Post

September 2022 Inflation - Headline inflation rises, albeit softer pressures

  • Trending
  • Comments
  • Latest
Igbobi alumni raise over N1bn in one week as private capital fills education gap

Igbobi alumni raise over N1bn in one week as private capital fills education gap

February 11, 2026

Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

November 20, 2017

How UNESCO got it wrong in Africa

May 30, 2017

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

Global food prices higher in July on stronger meat, vegetable oil costs

Global food prices rise for first time in five months on cereal, oil gains

March 6, 2026
inDrive retains top download ranking amid expansion into African mobility markets

inDrive rolls out Ramadan Shukran driver appreciation campaign in Abuja

March 6, 2026
Gold hits fresh record above $3,640 as Fed rate cut bets intensify

Gold extends rally to $5,222 as weaker dollar, Asian demand lift prices

March 5, 2026
All federal airports fully insured , says Kuku

FAAN to adopt hybrid payment system at Airport toll gates after Tinubu suspends cashless rollout

March 5, 2026

Popular News

  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
  • Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

    0 shares
    Share 0 Tweet 0
  • How UNESCO got it wrong in Africa

    0 shares
    Share 0 Tweet 0
  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • Elumelu leads corporate mourning after UBA staff die in Afriland Towers fire

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

Global food prices higher in July on stronger meat, vegetable oil costs

Global food prices rise for first time in five months on cereal, oil gains

March 6, 2026
inDrive retains top download ranking amid expansion into African mobility markets

inDrive rolls out Ramadan Shukran driver appreciation campaign in Abuja

March 6, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M