Fidelity bank card banner Emerald Energy Institute Camano banner

France grants $170m for improved power supply in FCT

By News Express on 16/10/2015

Gmail icon

Views: 2,793

France says it has granted 170 million dollars aimed at increasing the power supply for the Federal Capital Territory (FCT).

The French Ambassador to Nigeria, Mr. Denys Gauer announced this on Thursday in Abuja in a remark at the Nigeria Alternative Energy Expo 2015.

Represented by Mr Georges Vanin, First Counsellor, Political Affairs and Communication, Embassy of France, Abuja, the ambassador said the power sector was one of the three priority sectors identified by the French Development Agency (AFD) in its 2014-2016 strategy in Nigeria.

“The AFD is contributing to the development of the electricity transportation network by supporting the public company Transmission Company of Nigeria (TCN).

“On the occasion of a first project aiming at increasing the power supply for the Federal Capital city, Abuja, the AFD has granted 170 million of dollars to the Federal Government in 2013.

“This project is on-going. A second one is being considered for 2016.”                 

He explained that Nigeria was one of the first African countries targeted by the Sustainable Energy for All initiative.

“In September, Nigeria has indeed presented its objectives and plan of action for this initiative.

“The federal government has declared the access to power as its first development priority and has asked the AFD to play a role in addressing this challenge, especially in terms of transporting electricity.

“The AFD is willing to improve the efficiency of the private supply networks through a 150 million U.S. Dollars soft credit facility granted to two local banks.

“The credit facility is under final assessment by AFD for funding Distribution Companies investments.”

According to him, in addition, AFD is working on another 150 million dollars credit facility to support the private sector initiatives in favour of clean and renewable energy.

“This model of credit facility, called SUNREF, has been very successful in East Africa.

“I have no doubt that it will also be a success in Nigeria where the private sector is pro-active.”

The envoy said AFD was also willing to support the reform of vocational training in the power sector through financing the National Power Training Institute of Nigeria (NAPTIN).

He identified the lack of labour force and qualified technicians as an obstacle to the success of the power sector reform.

Gauer, however, said NAPTIN was now keen to change its culture and governance models in order to satisfy needs of training from private and public operators.

He said the AFD Group would continue to be active in three key sections of the Nigerian power sector, namely, production, transmission and distribution. (NAN)

•Photo shows French President Hollande.

Source News Express

Posted 16/10/2015 03:24:11 AM





You may also like...

Osinbajo flags off school feeding programme in Ekiti...

Delta Govt. lauds Ubulu-Uku USA for rehabilitating hospital...

Leah Sharibu’s brother relocated to US following mother’s...

Red Cross appeals for lives of abducted health...

Journalist attacked as 24-hour curfew takes effect in...

Abductors of Dapchi schoolgirls make contact with Mama...

We don’t regard Tinubu as one of Yoruba...

PDP calls for cancellation of elections in Khana...

UI teachers examine ways to improve teaching, learning...

IPOB vs Police: Businesses paralysed in Nnewi over...

Nigeria will lose exotic plant species if forests’...


Latest News Aso Rock cabal shops for Osinbajo’s replacement •The favoured candidate Police arraign 15 over plot to kill Jonathan 2023 Presidency: El-Rufai's men rev up campaign Buhari’s govt being sabotaged: Osinbajo Police uncover kidnappers hideout in Edo Forest Serial killings: Port Harcourt prostitutes device means of detecting criminals How Abdulrazaq shocked Kwara political bookmakers with ‘strange’ all female first batch cabinet Girl commits suicide 3 months after boyfriend killed self 4 kidnappings that shook Abuja Xenophobia: Nigerians find safe havens in Zimbabwe, Mozambique, others Why Middle-Belt Is Opting Out Of Northern Arrangement -Pogu Bitrus IPOB: We're after Kanu, not his father - Abia CP


Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (542,450 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (443,806 views) Shameless Genevieve Nnaji exposes breasts in public (390,252 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (327,159 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (295,298 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (253,993 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (250,268 views) 10 cars more expensive than Jets (238,904 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (231,958 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (217,947 views) Lagos plane crash: Journalist releases victims’ names (196,245 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (193,800 views)


CBN milk production

CBN banner advert

UBA Wise Savers Promo


Categories Advertorials (3) African Press Organisation (81) Art & Literature (102) Business & Economy (4,454) Business Verdict (80) Columnists (1,113) Complaints & Requests (96) Enterprise & Opportunities (215) Entertainment (666) Features (814) Global Business Monitor (445) ICT Monitor (63) International (3,970) Interview (203) Live Commentary (30) Love Matters (171) Maggie's Blog (418) News (51,575) Opinion (1,361) Pidgin (17) Politics (11,464) Religion (1,102) Sports (2,172) Stock Watch (39) AMA & Al Jazeera Global Update







APO Group Partner




GOCOP Accredited Member

GOCOP Accredited member



Africa Media Agency and Al Jazeera