Nigeria
has signed a deal worth up to $200 million (157 million euros) with two
French firms to improve electricity supply in the power-starved
country, a statement said Wednesday.
French power giant EDF and
ETDE will first conduct a feasibility study before constructing a
high-voltage transmission line and power distribution substations, the
statement from Nigeria’s Ministry of Power said.
“EDF and ETDE
will source the funds from their home governments to execute specific
feasibility studies as well as select a specific project that will help
expand the transmission grid,” the statement said.
It added that initial talks on the deal began in 2008.
While
definitive figures were not disclosed, Nigeria’s Power Minister Bart
Nnaji said the parties will agree on a project estimated to cost between
$100 million to $200 million.
Despite being Africa’s largest oil
producer, Nigeria is plagued daily by lengthy power cuts, with
businesses forced to rely on generators to ensure regular electricity
supply.
The government has been seeking to privatise electricity suppl
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