Nigeria power woes

April 2005
Power Economics;4/21/2005, Vol. 9 Issue 8, p4
This article reports that Nigeria could be losing at least $1 billion a year from unreliable power supply by National Electric Power Authority (NEPA), Bureau of Public Enterprises (BPE) said. Local press reports say that, to substantially improve the performance of the electricity monopoly in the country, an annual investment of between $400 million and $500 million is required over a period of three years to fund distribution of power generated during the period of the transition of the electricity sector dominated by NEPA to a deregulated dispensation. This level of investment, according to BPE, was necessary to beef up the under-investment in the sector in the last 15 years.


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