The Federal Executive Council (FEC) has approved a contract worth N262.75 billion (€161.33 million) for the first phase of the Presidential Power Initiative (PPI), also known as the Siemens Project. The initiative aims to upgrade and expand critical power infrastructure in Nigeria to improve electricity transmission.
Minister of Power, Adebayo Adelabu, announced the approval during a briefing with State House correspondents on Monday at the Presidential Villa, Abuja. According to him, this marks a significant step forward following the successful completion of the pilot phase of the project.
The approved contract involves the engineering, procurement, construction, and financing of 330/132KV and 132/33KV substations in Onitsha, Offa, Abeokuta, Ayede, and Sokoto.
