World Bank Completes N54.4b Funding For 450mw Azura-Edo IPP
12/03/2014 02:23:00 pm |
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The International Finance Corporation (IFC), a member of the World Bank Group, says it is providing or mobilising funding totalling $292.5 million (about N54.4 billion) debt -and sub-debts for the 450 megawatts gas-fired open-cycle Azura-Edo Independent Power Plant.
Of this amount, the IFC is providing $80 million in debt financing to Azura Power West Africa Limited, Edo State, to "strengthen Nigeria's gas-to-power value chain and deliver much-needed electricity to almost 14 million residential consumers in the country."
Full Story Here: http://talkafrica.co/ng/p/7419/world-bank-completes-n54-4b-funding-for-450mw-azura-edo-ipp
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Of this amount, the IFC is providing $80 million in debt financing to Azura Power West Africa Limited, Edo State, to "strengthen Nigeria's gas-to-power value chain and deliver much-needed electricity to almost 14 million residential consumers in the country."
Full Story Here: http://talkafrica.co/ng/p/7419/world-bank-completes-n54-4b-funding-for-450mw-azura-edo-ipp
Check us out here---http://newsbeatportal.com, http://twitter.com/nigerianewsbeat, http://facebook.com/nigerianewsbeat
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