Siemens has signed an agreement with the Nigerian Federal Ministry of Power to financially support power plant projects in the West African country. The energy firm will also support the country’s study on the integration of renewable energy into Nigeria’s energy mix while also striking a deal with local company Scanpower to construct a 1.6-GW gas turbine power station at Lekki in Lagos state.
“A reliable and affordable supply of electricity is the decisive factor in further developing Nigeria´s economy and society”, said Michael Suess, CEO of the Energy Sector and member of the Managing Board of Siemens AG. “The agreements shall be mutually beneficial to the economy of Nigeria via significant advancements in the power sector as well as for the business of Siemens in one of the most important markets in Africa. Lagos, as one of the fastest growing mega cities in the world, is seeking for a significant improvement in its power supply. The decision of Scanpower and its Joint Venture partners to build, together with Siemens as technical partner, a modern and environmentally-friendly gas turbine power station, is an essential contribution to increase the power generation capacity and the security of power supply under the framework of the privatization of the energy sector in Nigeria,” Suess added.
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