Nigeria: NERC Seeks Concessionary Loans for Power Sector

24 January 2007

Abuja — Nigerian Electricity Regulatory Commission (NERC) said it is trying to work out a conducive funding arrangement for private participants in the country's electricity sector.

The commission said due to the peculiar investment climate in the power sector, which involves a long gestation period to recover investments used in setting up power plants as well as other attendant business risks associated with the country, it wants to broker an understanding between financial institutions and operators with a view to securing lower interest rates for loans.

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