Siemens Nigeria reaffirms commitment to 10 000 MW plant project

• 11 years ago (2013-01-22)
• Junior Isles

Africa 320 North America 1021

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Siemens Nigeria Limited has reaffirmed its commitment to the promised construction of a 10 000 MW capacity power station in the country, according to local journalists.

The new Managing Director of the company, Michael Lakota, has stated that his company would contribute to the construction of the power station as agreed in the memorandum of understanding (MoU) signed last year.

The MoU states that Siemens would take 15 per cent equity in the proposed power generation plant.

Lakota also said that power infrastructure would remain a major focus of the company’s activities in Nigeria, confirming 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,” Lakota added.

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

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

According to Lakota, the company was not in Nigeria 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 10 000 MW 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.