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WORLD BANK IDENTIFIES NEED FOR FINANCIAL SUSTAINABILITY IN ELECTRICITY SECTOR

…….FG says power generation almost hitting the 4000MW mark The World Bank has spotlighted the need for financial sustainability in the electricity sector, noting that no amount of ‘guarantees’ could help a utility sector that is unable to generate enough revenue to pay for itself. The bank recently granted Nigeria a $400 million Partial Risk Guarantee (PRG) which is a cardinal component of the Nigeria Electricity and Gas Improvement Project (NEGIP) credit aimed at linking Nigeria’s gas supply ...
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Added July 12, 2010
from Businessday Nigeria