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FG seals N2.17 electricity deal with Japan

Power Plant

TVC E, BUSINESS – The Federal Government has announced  that it has sealed an agreement of N2.17 billion with the Japanese Government for an emergency improvement of electricity supply facilities in Abuja.

The project to be implemented by the Japanese International Cooperation Agency and the Ministry of Power will help in the purchase and installation of power capacitor banks at the existing two sub-stations in Abuja and neighbouring Nasarawa State.

This is aimed at decreasing the transmission loss and assist in stabilising power supply to approximately 7,000 households within the Federal Capital Territory.

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