Power - Govt, U.s. Seal U.s.$1.5 Billion Loan Deal For Ipps - Politics - Nairaland
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| Power - Govt, U.s. Seal U.s.$1.5 Billion Loan Deal For Ipps by Nobody: 6:23pm On Oct 21, 2011 |
http://allafrica.com/stories/201110200334.html The Federal Government Wednesday entered into an agreement with the America government which will allow Nigeria's Independent Power Plants (IPPs) access to about $1.5 billion concessionary loan for the acquisition of equipment and services from the US. Nigeria intends to increase its power production from the current level of 4000mw to about 15,000-20,000mw by 2015, and 40,000mw by 2020. This agreement, when fully operational, will provide bankable funds for the purchase of goods and services from indigenised US firms for expansion of Nigeria's electricity infrastructure. |
| Re: Power - Govt, U.s. Seal U.s.$1.5 Billion Loan Deal For Ipps by 1025: 10:45pm On Oct 21, 2011 |
everyday, we get new story about power and funding. are all these part of the promise of steady power supply come 2013? on this same power, jonathan declared a state of emergency since 2009. is this not a very big shame? |
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