The scheduled conclusion date for the 11,000 megawatts power project established through an agreement between the Federal Government and the German-based company Siemens has been extended to 2030, as per reports.
In 2019, the Director-General of the Bureau of Public Enterprises, Alex Okoh, representing the Federal Government, entered into the agreement, with Joe Kaeser, the Global Chief Executive Officer of Siemens, signing on behalf of the company. The objective was to achieve a dependable power supply of 7,000 megawatts by 2021, followed by 11,000 megawatts by 2023.
However, according to a Bloomberg report on Monday, referencing Oladayo Orolu, the head of business development and government relations at Siemens Energy, the project's completion is now anticipated by 2030, citing delays triggered by the COVID-19 pandemic.

The three-phase project was set back by delays in starting the first phase, he said.
“When we conceptualised this project in 2018, our plan was within two years we should be done with phase one, but then COVID-19 happened, disrupting supply chains, which meant getting raw materials took longer than before,” Orolu said.