Nigeria Loses Over N2bn Annually to Poor Power Supply

Nigeria loses more than N2 billion annually due to inadequate and unreliable power supply, the United Nations Development Programme has said. The UNDP Resident Representative, Elsie Attafuah, stated this on Monday during the ‘First National Legislative Conference and Expo on Renewable Energy’ held in Lagos. The event was organised by the House of Representatives Committee…

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FG signs $329m deal with chinese firm to boost power supply

The Federal Government has signed a $328.8 million contract with Chinese firm, China Machinery Engineering Corporation (CMEC), to rehabilitate and expand Nigeria’s electricity transmission network under Phase 1 of the Presidential Power Initiative (PPI). The agreement encompasses the Engineering, Procurement, Construction, and Financing (EPC+F) of 330kV and 132kV transmission lines nationwide, to enhance grid reliability…

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