WBG lines up Nigeria transmission loan
Issue 346 - 19 May 2017
Board approval by the World Bank Group (WBG) is slated on 7 June for a $486m concessional International Development Association loan to support the strengthening of the Nigerian transmission system. Another $4m in counterpart funding from the government would be added to take the Transmission Network Strengthening and Improvement project’s total to $490m. The aim is to support overall sector reform by increasing the network’s power transfer capacity to at least 7GW from about 5GW now.
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