The Federal Government has signed a Three hundred and twenty-eight point eight Million Dollars contract with Chinese firm, China Machinery Engineering Corporation, to rehabilitate and expand Nigeria’s electricity transmission network under Phase One of the Presidential Power Initiative (PPI).
It was learnt that the agreement covers Engineering, Procurement, Construction, and Financing for the development of Three Hundred and Thirty KV and One hundred and Thirty-two KV transmission lines across the country, aimed at improving grid reliability and reducing stranded generation capacity.
The project will be coordinated by FGN Power Company, a special purpose vehicle established by the federal government to oversee implementation of the PPI.
The Minister of Power, Adebayo Adelabu, speaking at the contract signing ceremony in Abuja, said the agreement would cover Fir Hundred and forty-four kilometres of transmission lines with a load capacity of Seven thousand, one hundred and forty megawatts, spanning both brownfield and greenfield sites.
He explained that these critical infrastructure projects would act as the main arteries for delivering increased power from midstream transmission directly to homes, businesses and industries, helping to strengthen the country’s economic
He noted that the signing of the agreement demonstrated the federal government’s commitment, under the leadership of President Bola Tinubu, to providing stable and reliable electricity to Nigerians.
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