Tag: electricity crisis

Eskom
BusinessHot News

South Africa’s Eskom advances 3,000-MW gas project with LNG agreement

Eskom LNG Agreement 3000MW Gas Project marks South Africa’s shift to LNG power via Richards Bay deal supporting 25-year fuel security.

Timilehin Adejumobi Timilehin Adejumobi
FG cancels $717.7 million World Bank power sector loan
BusinessTechnology

FG cancels $717.7 million World Bank power sector loan

The Federal Government of Nigeria has cancelled $717.7 million in undisbursed financing tied to a World Bank-backed electricity reform programme. The funds were part of a broader intervention designed to stabilise Nigeria’s power sector and reduce long-standing financial pressure on public finances.  The decision was taken jointly with the World Bank after both sides agreed to discontinue the remaining portion…

Oluwatosin Alao Oluwatosin Alao