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It has advanced 50 million dollars in financing from the Oversea Private Investment Corporation (OPIC) to Lumos, a Nigeria-based solar energy company.
Following the gradual decline in the spate of gas pipeline vandalism the power sector electricity generation has risen to 3,730.5 megawatts on February 7.
The power distribution companies continue to reject significant megawatts of electricity allocated to them by the Transmission Company of Nigeria (TCN).
Checks on the power sector reveals.Nigeria’s electricity grid has lost 1,062 megawatts (mw) to various constraints of gas supply shortage and turbine faults.