New Investments in Nigeria's Hydro & Solar Power Infrastructure

In aligning the African Development Bank (AfDB)'s New Deal on Energy with Nigeria's Vision 2020 on improved access to electricity and diversification of energy sources, the Bank has approved a financing package of $100 million for the rehabilitation of the country's Kainji and Jebba hydro power plants. In addition, the Africa50--the infrastructure fund owned by African governments, the AfDB and institutional investors--has also signed a joint development agreement (JDA) for a dedicated 132 kV overhead transmission line and an 80 MW (AC) solar photovoltaic independent power project to be located in Dutse, Jigawa State, Nigeria. More on the AfDB in this BRIEFING.