FGNPC set to inaugurate new equipment for power project

The FGN Power Company (FGNPC) is set to inaugurate new equipment for the Presidential Power Initiative.

In December 2021, the federal executive council (FEC) approved $1.9 million and €62.9 million for phase one of the presidential power initiative (PPI).

The first phase of the PPI seeks to modernise, rehabilitate and expand the national grid.

Speaking during the Nigeria Energy Conference and Exhibitions in Lagos, on Wednesday, Kenny Anuwe, managing director and chief executive officer of FGN Power Company (FGNPC), said the formal ceremony will begin before the third week in October at a location in Lagos, while the second set of equipment will be unveiled in Abuja at a later date.

He said the company is set to inaugurate the first set of the power equipment with the aim of sustaining the tempo until power disruptions in the country become a thing of the past.

The managing director said the equipment include transformers and mobile substations procured in partnership with Siemens Energy.

Anuwe added that the equipment were purpose-designed to meet Nigeria’s power supply needs in a phased programme that will see to the generation and distribution of 25,000 megawatts of electricity by 2025.

He said with the new equipment, power supply will rise to a minimum of 7,000 megawatts, while he assured that the company is committed to executing its plans until all the targets are met.

“The federal government is determined to make a difference in the lives and livelihood of Nigerians, and with the pace of work being put in the project so far, I think we would exceed 7,000 megawatts,” Anuwe said.

“But this is our first objective and we are not taking our eyes off that ball. We want to hit that target and to exceed it and that is a confirmation that improvement in electricity supply is absolutely doable.

“The FGN Power Company was set up as a special purpose company to implement the PPI. But its core mandate is in three broad categories; number one is to secure financing for the programme; number two, to engage with stakeholders right across the value chain, and number three, to coordinate the implementation of the Presidential Power Initiative. It also includes engagement in engineering and procurement contracts (EPC) and master content management (MCM), all fashioned to deliver for Nigerians, all the objectives set in the PPI.

“The GenCos and the DisCos will continue to play their part in the value chain of delivering energy to consumers right across Nigeria. What will be different is that they will now have a partner in FGN Power Company that is enabled to actually implement a programme that supports their businesses in sustainable ways, while strengthening their capabilities to deliver value to their customers.”

Anuwe further noted that the partnership between Nigeria and FGNPC on one hand, the German government and Siemens Energy, on the other, will bring long term benefits to Nigeria and its people.

In July 2019, the federal government signed a power project deal (PPI) with Siemens AG to increase electricity generation to 25,000 megawatts (MW) in six years.