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.
Ni…
http://www.africanews.com/2019/11/30/afdb-approves-210-mln-loan-for-nigeria
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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.
Ni…
http://www.africanews.com/2019/11/30/afdb-approves-210-mln-loan-for-nigeria
Africanews on YouTube brings you a daily dose of news, produced and realised in Africa, by and for Africans.
Africanews is the first pan-African multilingual media outlet, unique in its concept and vision.
Subscribe on our Youtube channel https://www.youtube.com/c/africanews and receive all the latest news from the continent.
- Category
- Nigeria
- Tags
- nigeria, The African Development Bank, loan
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