Siemens signs deal to modernise Nigerian power infrastructure

Siemens has announced a partnership with Nigerian conglomerate PANA Infrastructure to modernise and upgrade Nigeria’s electric power infrastructure through the provision of grid automation and smart infrastructure solutions across Nigeria.

The collaboration, solidified through a formal agreement between the two companies, is called by both a pivotal step towards addressing Nigeria’s pressing electricity challenges while fostering economic growth and technological advancement in the region.

Commenting in a APO-issued release on behalf of Siemens was Sabine Dall’Omo, CEO of Siemens Sub-Saharan Africa: “This collaboration underscores our commitment to fostering sustainable development and advancing technology in Nigeria.

“By combining Siemens’ expertise in smart grid technologies with PANA Infrastructure’s deep market insights, we aim to ensure a reliable power supply and drive economic progress in the region.”

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PANA Infrastructure is an infrastructural development company, is held by PANA Holdings, a Nigerian business platform with a project portfolio stretching across the power, oil and gas, mining, process industries, industrial real estate and agricultural sectors.

Said Daere Akobo, chairman of PANA Holdings: “This strategic collaboration with Siemens is a pivotal opportunity to transform Nigeria’s power sector. We are committed to addressing Nigeria’s critical power infrastructure with the use of advanced low-voltage, medium-voltage and smart grid management technologies.

“This collaboration is in alignment with the transformation agenda in the power sector by the Nigerian government to significantly improve power supply in the country, in a manner that translates to economic progress for all Nigerians.”

The agreement between Siemens and PANA focuses on enhancing grid reliability and stability, deepening electrification rates to meet the rapidly growing demand for electricity in Nigeria.

According to Siemens in a release, recognising Nigeria’s potential for substantial investments in industrial modernisation, the partnership will also concentrate on unlocking Nigeria’s potential in the industrial power sector.

“Siemens reaffirms its commitment to Nigeria, with a focus on identifying and developing strategic business opportunities within the region. By leveraging a go-to-market strategy that includes knowledge platforms, collaborative business strategies, integrated sales and marketing teams, and global support, Siemens strives to bring significant business value to the Nigerian market,” said Dall’Omo.

The company adds that, by addressing key challenges in Nigeria’s power and industrial sectors, including electricity losses, rural electrification, capacity building, local production, technology transfer and quality standards, their partnership aims to drive sustainable growth and development in Nigeria.

Financial details on the partnership between Siemens and PANA Infrastructure have not been announced.