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Electricity: Nigeria-Siemens 25,000MW deal to gulp over N1.15tn

 

The six-year electricity deal signed by the Federal Government and Germany-based Siemens AG in July will cost more than N1.15tn to execute, ’FEMI ASU reports

 

  1. The three-phase Nigerian electrification project which aims to achieve 25,000 megawatts of electricity in the country by 2025 will require more than N1.15tn to execute, according to the Technical and Commercial Proposal seen by our correspondent.