Africa Business World 

AfDB, Africa Energy Forum launch ‘African Utility of the Future’ competition

– – The African Development Bank (AfDB) and EnergyNet, organisers of the Africa Energy Forum (AEF), have created the ‘African Utility of Future’ competition enabling teams to compete for a USD $5,000 prize. The Power, Energy, Climate and Green Growth Complex (PEVP) of AfDB will participate at AEF2020, mainstreaming the concept of: “The African Utility of the Future” – the theme for the 2019 AfDB-APUA CEO Leadership Forum. This is a continuation on the concept of “The Second Wave of Power Sector Reforms” as it relates to the Sustainable Utility…

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Africa Business Nigeria West Africa World 

Nigeria secures $210 mln loan from AfDB for power project

The African Development Bank (AfDB) has approved a $210 million loan to help Nigeria upgrade its dilapidated electricity transmission and distribution network. The loan to Transmission Company of Nigeria (TCN) will support construction of 330KV double circuit quad transmission lines and sub-stations across the country, the bank said in a statement late on Friday. The AfDB funded project will run across seven states and will improve the capacity of power grid where it is most constrained. Nigeria privatised most of its power sector in 2013 but retained control of its…

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