Fidelity bank card banner Camano banner
France grants $170m for improved power supply in FCT

By News Express on 16/10/2015

Views: 2,728

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...
Nigeria’s Embassy in Spain donates biometric capturing machine...

Interior minister asks NIS to improve service delivery...

Deaf teachers suggest ways to enhance deaf education...

Imo people and the Ihedioha hysteria

70 persons, firms lose properties to EFCC

Kelechi Iheanacho the new great hope for Nigerian...

SDP: Jerry Gana’s group faults Donald Duke’s emergence...

Rivers APC berates Wike over mass sack of...

Ambode to partner judiciary in reforming Lagos State...

INEC slammed with N50m suit for issuing wrong...

IBEDC collaborates with UI in bid to ensure...

Corruption: Oshiomhole has finally exposed Buhari, APC ―...


Latest News Gunmen reportedly abduct 28 travellers in Ondo State Herdsmen Menace in South-East: Obiano Administration may have case to answer — Intersociety How I was raped by Ex-President — Beauty Queen Abuja pastor jailed seven years for rape, abortion Man shoots 10-month-old girl in head after her mother rejects him Why Buhari has not unveiled cabinet list — SGF Three abducted Lebanese rescued in Rivers Taraba boils again Youth Corp member stabs brother to death in Anambra Bayelsa Council Polls: APC boycotting election because of lack capacity to win — Gov Dickson 2019 polls not just imperfect but stolen — HURIWA Super Eagles set sights on Guinea in crucial AFCON group clash


Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (498,627 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (427,372 views) Shameless Genevieve Nnaji exposes breasts in public (367,653 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (313,484 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (278,220 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (245,024 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (235,546 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (217,567 views) 10 cars more expensive than Jets (215,312 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (205,805 views) Lagos plane crash: Journalist releases victims’ names (185,712 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (184,788 views)


NNPC 2019 National Science Quiz Competition

CBN banner advert

UBA Wise Savers Promo


Categories Advertorials (3) African Press Organisation (81) Art & Literature (94) Business & Economy (4,328) Business Verdict (75) Columnists (1,055) Complaints & Requests (95) Enterprise & Opportunities (209) Entertainment (627) Features (767) Global Business Monitor (384) ICT Monitor (53) International (3,626) Interview (184) Live Commentary (30) Love Matters (162) Maggie's Blog (314) News (47,814) Opinion (1,268) Pidgin (17) Politics (11,070) Religion (1,033) Sports (2,052) Stock Watch (39) AMA & Al Jazeera Global Update






APO Group Partner




GOCOP Accredited Member

GOCOP Accredited member



Africa Media Agency and Al Jazeera