Nigeria seeks to finance major electricity project through FOCAC
ABUJA, May 17,
(Xinhua/GNA) - Nigeria is seeking to finance a major electricity project in the
country through the provision of funds by the Forum on China-Africa Cooperation
(FOCAC), according to a cabinet minister on Thursday.
Water Resources Suleiman Adamu told reporters in Abuja that the government on
Wednesday, during a meeting presided over by President Muhammadu Buhari,
deliberated on the financing of the Gurara Hydro Power Project II by FOCAC.
said the meeting approved of seeking funds under the FOCAC framework.
The project is
expected to cost about 1 billion U.S. dollars and has the potential of
generating 360 Megawatts of electricity in the country, the official said.
Source: GNA Story (https://ghananewsagency.org/africa/nigeria-seeks-to-finance-major-electricity-project-through-focac--149979)
Published: 2019-05-17 18:25:13
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