BIG BOOST! W/Bank gives Nigeria $486m credit for power sector

World Bank has approved a 486 million dollars credit facility to Nigeria for electricity grid improvements, the lender said on Friday. “The investments under the Nigeria Electricity Transmission Project will increase the power transfer capacity of the transmission network and enable distribution companies to supply consumers with additional power,” the World Bank said. Nigeria’s power […]

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Power generation improves by 3,632 MW

Twenty-eight electricity generating companies in Nigeria have released an average of 3,632MW/hour of power on Feb. 13, according to the website of the Nigerian Electricity Supply. The report, obtained by the News Agency of Nigeria (NAN) on Tuesday, however, indicated that the electricity sector lost an estimated N817 million on February 13 due to constraints of […]

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