SIEMENS denies bidding for PHCN

Siemens Group has come out with an official statement, refuting that it has stake in the Power Holding Company of Nigeria(PHCN) through any of the companies that has shown interest in the privatization process.

It said its concern was to give necessary technical support to companies that have interests in the PHCN.

The Managing Director of Siemens Group, Mr Michael Lakota stated this, while speaking with journalists in Lagos.

He stressed that the Company remains focused towards improving technological growth and development in the Country, and will continue to offer its assistance where necessary.

He said “We have no stake in any other company in Nigeria, whether in shares, capital or whatever.” He also stressed that the fact that the company was focused on the development of the power sector in the country,the nation’s economic transformation was possible.

Mr Lakota also described Nigeria as a viable and dynamic market for investors, believing that the Nation will become one of the key emerging economies in the globe in few years to come, considering the vast opportunities and resources available.

It would be recalled that Siemens and the Federal Ministry of Power had signed an agreement to support and finance the Power sector, especially power plants projects across the Nation.

The Company is also instrumental to the power plant projects in Afam, Geregu and Lekki, showing completely its relevance towards boosting power generation, transmission and distribution in the Country.