As part of the Nigeria-Siemens deal to increase end-to-end operational power capacity to 7000MW. The Nigerian government is set to take delivery of the Mobitra Transformers from Siemens. The phase 2 will see power increase to 11,000MW, then phase 3 will deliver 24,000MW to Nigerians .
The deal will lead to the transmission upgrade of 105 substations ,construction of 70 new sub-stations and installation of 35 power stations . Some 3765 distribution transformers and 5,109km distribution lines will be built for Nigeria .
Together with Federal Govt’s N8.6bn counterpart fund,
Siemens is facilitating finance for the project through the German Export Credit Agency (Euler Hermes AG), other ECA’s, and other financing Agencies, TCN recently took delivery of 15 transformers .