FG approves N263bn for power substations

The Federal Executive Council on Monday approved N262.75bn (€161.33) for the first Phase of the Presidential Power Initiative, otherwise known as the Siemens Project. The project involves the engineering, procurement, construction, and financing of 330/132 KV and 132/33 KV substations in Onitsha, Offa, Abeokuta, Ayede, and Sokoto. The Minister of Power, Mr Adebayo Adelabu, revealed