22 January 2013

Nigeria: Siemens Restates Commitment to 10,000MW Power Station

Siemens Nigeria Limited has restated its commitment to the implementation of the memorandum of understanding (MoU) it signed last year with the Federal Government for the construction of a10, 000-megawatt (MW) capacity power station in the country.

The new Managing Director of the company, Mr. Michael Lakota, told THISDAY that his company would contribute to the construction of the power station, as agreed in the memorandum of understanding.

Under the MoU, Siemens would take 15 per cent equity in the proposed power generation plant.

Lakota said the power sector would remain a major focus of the company's activities in Nigeria.

He stated that Nigeria had a challenging environment with a lot of potentials and market, stressing that the company was prepared to harness the market.

"The most important thing I am bringing to Nigeria and Siemens is also bringing to Nigeria is the full commitment to operate in Nigeria and to be here in Nigeria for Nigeria," he said.

On the 434MW capacity Geregu Power plant, his company built in Kogi State, Lakota said the plant was one of the biggest projects the company executed and was successfully running in Nigeria.

"I had a chance to visit the site, close to Ajaokuta and what I saw was really impressive. I heard from our customers that we are the only company in this country that was able to deliver a power plant on schedule. This is something very unique because what I heard is that projects are usually delayed for years in this country," he added.

Lakota noted that his company operated the Geregu plant for two years without any fatality or major injury, adding that the feat was a demonstration of the company's commitment to its values.

He noted that Nigeria was a very good place for a multinational company like Siemens to operate.

According to him, the company was not in Nigeria to operate for short-term profit but to operate as a professional multinational company with the highest standards.

"One thing, which is very important, is training. We train our people so that they can deliver the quality of work we are expecting. We want to have very high standards. I see the right people in our company and we even want to improve and give a chance to the people to develop themselves. We want to contribute to the 10,000megawatts power capacity MoU we signed last year with the President. This means a lot of work ahead of us and we are fully committed to deliver," he said.

Lakota disclosed that his company would assist the country in the provision of world-class technology to provide stable power supply.

He stated that the president had visited their factory in Berlin to see the world-class facilities.

The Siemens Nigeria also stated that his company had pulled out of the telecommunications sector.

"We no longer operate in the telecoms sector. We are now active in four sectors - energy, healthcare, industry and infrastructure. These are our activities as Siemens AG worldwide," he added.

Copyright © 2013 This Day. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.