Showing posts with label power. Show all posts
Showing posts with label power. Show all posts

Thursday, 4 December 2014

Power: Nigeria Gets $200m Credit Line from Germany

Nigeria yesterday got a facility worth $200 million from Germany to develop her small scale renewable energy sector.
The green loan received from the German Development Bank (KFW) would support small and medium enterprises specifically for development of renewable energy sources and other energy efficiency projects.
This was disclosed by the leader of the German delegation; Renate Von Bodden at a Bi-national Commission’s meeting on energy between both countries in Abuja.
Von Bodden equally announced the provision of another facility worth €5 million, which was set aside for technical assistance to Nigeria’s power sector through the same KFW.
She explained that