Nigeria, Sun Africa ink US $1.5bn deal for electrification
The government of Nigeria and Sun Africa have inked a deal to reduce the gap in access to electricity between the country’s urban and rural areas through the extension of the national electricity grid in underserved states.
The two are set to partner and install solar energy production systems in a dozen localities poorly served by the national electricity network. As part of this energy policy, the authorities of this West African country have obtained a loan of US $1.5bn from the American export credit agency Exim Bank.
These funds, mobilised by the American company Sun Africa (a supplier of...