Nigeria’s electricity grid is attracting interest from foreign investors seeking to invest in power production.
A German company, Siemens, signed a contract with the federal government last year to rehabilitate and expand Nigeria’s electricity system, with the first phase costing about 2 billion Euros.
The company is using as a model its experience in Egypt, where it increased generation capacity by more than 40% in less than three years.
The revamp in Nigeria will include upgrading dozens of power substations and building new ones, as well as installing new transformers and distribution lines.