…….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