The anticipated completion date of the 11,000 megawatts power project, a collaboration between the Federal Government of Nigeria and Germany-based Siemens, has been postponed to 2030, recent reports indicate.
In 2019, the Director-General of the Bureau of Public Enterprises, Alex Okoh, representing the Federal Government, signed the agreement, while Siemens’ Global Chief Executive Officer, Joe Kaeser, signed on behalf of Siemens. The initiative aimed to achieve a reliable power supply of 7,000 megawatts by 2021 and 11,000 megawatts by 2023.
However, a recent Bloomberg report cited Oladayo Orolu, the head of business development and government relations at Siemens Energy, stating that due to delays caused by the COVID-19 pandemic, the company now expects to finalize the project by 2030. The pandemic’s disruptions have particularly affected the first phase of the three-phase project, leading to delays in its initiation.
Orolu explained, “When we conceptualized this project in 2018, our plan was to complete phase one within two years, but then COVID-19 happened, disrupting supply chains, which meant obtaining raw materials took longer than anticipated.”