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Home Energy

FG approves 701 billion power assurance guarantee

metro by metro
March 1, 2017
in Energy
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DISCOs’ rejection of power supply responsible for Nigerians in darkness
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The Federal Government on Wednesday approved N701billion as Power Assurance Guarantee for the Nigerian Bulk Electricity Trading (NBET).

The facility which will be provided by the Central Bank is to guarantee the payment for the evacuation of power produced by the Generating Companies (GenCos).

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