* Most power assets have so far gone to local oligarchs * Power task force head says foreign interest growing * Nigeria selling sector to try to end crippling blackouts The initial sell-off of state power assets, designed to end decades of electricity shortages, mostly attracted local oligarchs, while foreign […]
Tag: Electricity
Nigeria signs $1.3 billion power plant deal with China
Nigeria has signed a deal for Chinese state companies to build a $1.3 billion power plant, the finance ministry said on Sunday, part of efforts to end chronic electricity shortages that are a major brake on growth. Nigeria produces only a few hours of electricity a day, forcing those who […]
Vigeo Power Pays $32.25m for Benin Distribution Company
Press Release In line with the guidelines of the privatization programme of the Federal Government, Vigeo Power Limited has paid $32.25million to the Bureau of Public Enterprises (BPE). This figure according to sources at the Bureau represents 25 per cent of the $129million bid price for the Benin Electricity Distribution […]
