FG, Chinese Firm Sign $328 Million Agreement to Enhance Electricity Supply.
The Federal Government of Nigeria (FGN) Power Company has entered into a significant Engineering, Procurement, Construction, and Financing (EPC&F) contract valued at $328,818,916.99 with the China Machinery Engineering Company (CMEC) group to improve power supply throughout Nigeria.
During the signing ceremony held in Abuja on Wednesday, Adebayo Adelabu, the Minister of Power, stated that the project will involve the rehabilitation and extensive construction of 330 kV and 132 kV transmission lines as part of Phase 1 of the Presidential Power Initiative (PPI). This initiative aims to prevent stranded capacity within the grid.
Adelabu noted that the project, which has a load capacity of 7,140 megawatts, will serve as vital conduits for delivering the increased power generated by Nigeria’s midstream transmission projects directly to homes, businesses, and industries. He emphasized that the project is intentionally designed to integrate seamlessly with existing infrastructure.
Source: Infrastructurenews
