The Federal Government on Wednesday signed a $328.8 million contract with Chinese firm China Machinery Engineering Corporation (CMEC), to rehabilitate and expand Nigeria’s electricity transmission network under Phase 1 of the Presidential Power Initiative (PPI).
The agreement covers Engineering, Procurement, Construction, and Financing (EPC+F) for the development of 330kV and 132kV transmission lines across the country, aimed at improving grid reliability and reducing stranded generation capacity.
The disclosure was contained in a news report by the News Agency of Nigeria (NAN) on Wednesday.
The report added that the project will be coordinated by FGN Power Company, a special purpose vehicle established by the federal government to oversee implementation of the PPI.
The Minister of Power, Adebayo Adelabu, speaking at the contract signing ceremony in Abuja, said the agreement would cover 544 kilometres of transmission lines with a load capacity of 7,140 megawatts, spanning both brownfield and greenfield sites.
