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Siemens to build 500mw power plant for Proton Energy

Siemens, a global technology leader has signed a cooperation agreement with Proton Energy Limited for the development of a 500MW Independent Power Plant to be situated in Delta State, Nigeria.

The project is planned to be executed in phases beginning with 125 MW scheduled to be realized in 2015.

At the signing ceremony in Lagos, Markus Tacke, the Global CEO of Siemens Industrial Power, pledged Siemens commitment to the development of the energy sector in Nigeria. In his words:

“Siemens wants not only to be a supplier of goods but also a partner of key players in this developing market and this agreement allows Siemens to become a partner in developing the power generation industry in Nigeria.”

Read also: ONGC, Oil India Agree to $2.5bn Mozambique Field Stake

Siemens has been present in Nigeria since 1970 with active involvement in four key sectors including Energy, Healthcare, Industry and Infrastructure and Cities.

Proton Energy has been an active participant in the Nigerian Power Sector. In the ongoing privatization of power generating and distribution companies, Proton Energy was prequalified sponsor company for two currently being privatized Gencos, participating as a final six bidder for Sapele Power Plc and recently put up a strong bid for the Afam Power Plc.

The ceremony was attended by Gamaliel Onosode, Chairman, Proton Energy, Oti Ikomi, executive vice Chairman, Michael Lakota, managing director / CEO, Siemens Nigeria and Nasir Giwa, General Manager, Siemens Nigeria Oil & Gas.

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