FG approves N263bn for power substations for Siemens project

The Federal Executive Council on Monday approved N262.75bn (€161.33) for the first phase of the Presidential Power Initiative, otherwise known as the Siemens Project. The project involves the engineering, procurement, construction and financing for 330/132 KV and 132/33 KV substations in Onitsha, Offa, Abeokuta, Ayede and Sokoto. The Minister of Power, Adebayo Adelabu, revealed this

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