The deal, signed on Wednesday in Abuja, covers engineering, procurement, construction, and financing of critical 330 kV and 132 kV transmission infrastructure across the country.
The project will be coordinated by the FGN Power Company, a special purpose vehicle created by the government to implement the PPI.
Power Minister, Chief Adebayo Adelabu, who presided over the signing ceremony, described the agreement as a major milestone in Nigeria’s power sector reform efforts.
He said the project would cover 544 kilometres of transmission lines with a load capacity of 7,140 megawatts.
“This agreement, valued at $328,818,916.99, signifies a major leap in the implementation of Phase I of the PPI,” Adelabu said.
“It is a bold and transformative step forward in the industry, one that promises to improve electricity transmission standards in the country.”
He explained that the project is structured into two strategic batches and will cover both new builds (greenfield) and upgrades (brownfield), forming the backbone of efforts to strengthen the national grid and efficiently deliver electricity from generation plants to homes, businesses, and industries.
According to Adelabu, the investment aligns with President Bola Tinubu’s vision to provide Nigerians with stable and reliable electricity, and complements other mid-stream interventions currently underway.
“This project is not an isolated endeavour. It is designed to seamlessly complement the ongoing mid-stream transmission enhancements.
By upgrading and expanding our transmission network, we are directly addressing a key bottleneck in the power value chain,” he said.
The minister also highlighted recent progress under the PPI, including the receipt and ongoing installation of ten high-tech power transformers and ten mobile substations from Siemens Energy.
These assets, now being deployed across key locations such as Okene, Amukpe, Potiskum, and Apo, have already added over 700MW to the national grid, helping to ease transmission constraints.
Managing Director of FGN Power Company, Kenny Anuwe, said the CMEC partnership represents a strategic step toward building a modern and resilient transmission backbone capable of supporting increased electricity generation across the country.
“At FGN Power Company, our mandate is clear: to expeditiously deliver improved power supply to all Nigerians,” Anuwe said.
“This partnership with CMEC is a strategic move to strengthen that backbone, ensuring that the investments being made in generation can translate into tangible benefits for the Nigerian populace.”
He added that CMEC’s involvement complements the ongoing collaboration with Siemens Energy, which is focused on high-voltage transmission and generation technologies, and noted that the $328.8 million agreement reflects years of planning and inter-agency collaboration.
Speaking at the event, Vice President of SINOMACH, Li Xiaoyu, expressed appreciation to the Nigerian government for entrusting CMEC with the project and assured stakeholders of the company’s commitment to quality and timely execution.
“This project will play a significant role in improving electricity delivery across Nigeria,” he said.
The Presidential Power Initiative, a multibillion-dollar programme launched in partnership with Siemens, aims to address critical shortfalls in Nigeria’s power infrastructure by investing in generation, transmission, and distribution networks.
The minister also highlighted recent progress under the PPI, including the receipt and ongoing installation of ten high-tech power transformers and ten mobile substations from Siemens Energy.
These assets, now being deployed across key locations such as Okene, Amukpe, Potiskum, and Apo, have already added over 700MW to the national grid, helping to ease transmission constraints.
Managing Director of FGN Power Company, Kenny Anuwe, said the CMEC partnership represents a strategic step toward building a modern and resilient transmission backbone capable of supporting increased electricity generation across the country.
“At FGN Power Company, our mandate is clear: to expeditiously deliver improved power supply to all Nigerians,” Anuwe said.
“This partnership with CMEC is a strategic move to strengthen that backbone, ensuring that the investments being made in generation can translate into tangible benefits for the Nigerian populace.”
He added that CMEC’s involvement complements the ongoing collaboration with Siemens Energy, which is focused on high-voltage transmission and generation technologies, and noted that the $328.8 million agreement reflects years of planning and inter-agency collaboration.
Speaking at the event, Vice President of SINOMACH, Li Xiaoyu, expressed appreciation to the Nigerian government for entrusting CMEC with the project and assured stakeholders of the company’s commitment to quality and timely execution.
“This project will play a significant role in improving electricity delivery across Nigeria,” he said.
The Presidential Power Initiative, a multibillion-dollar programme launched in partnership with Siemens, aims to address critical shortfalls in Nigeria’s power infrastructure by investing in generation, transmission, and distribution networks.
