Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » AfDB approves $100m for Kainji & Jebba power projects

    AfDB approves $100m for Kainji & Jebba power projects

    December 17, 2016
    Share
    Facebook Twitter LinkedIn WhatsApp
    *Kainji dam.
    *Kainji dam.

    *Funding to increase power output from 917Mw to 1,338.4Mw

    17 December 2016, Sweetcrude, Abuja — The Board of Directors of the African Development Bank (AfDB or the Bank) has approved a financing package of $100 million, comprising $80 million loan and $20 million equity for the rehabilitation of the Kainji and Jebba hydro plants to increase available capacity from the current available capacity of 917 MW to installed capacity of 1,338.4 MW.

    The Kainji and Jebba plants are one of Nigeria’s cheapest and steadiest suppliers of electricity.

    The Bank’s financing is rooted in the New Deal on Energy for Africa, which is founded on the Bank’s High 5 strategy on Lighting up and powering Africa. It is also aligned with Nigeria’s national strategic priorities and Vision 2020 on improved access to electricity and diversification of energy sources.

    The AfDB, through this inaugural private sector power transaction in the country, aims to play a role in not only increasing generation capacity, but also, and more importantly, contributing to the addition of green power to the grid in a country traditionally dependent on thermal power. It is noted that, with the support of the Bank and other development finance institutions, the Federal Government of Nigeria’s ongoing broad power sector reforms are expected to enhance successful private sector participation in the sector.

    The project is expected to deliver strong development outcomes in the country, including but not limited to increased generation capacity and diversification of energy resources; governance and fiscal effects from substantial government revenues; positive environmental effects through power generation from a renewable resource; and private sector development arising from improved business environment, local linkages and knowledge transfer. By relaxing energy infrastructure constraints in a high-deficit country, the project has the potential to contribute to the Bank’s inclusive growth objective. The contribution to green growth is potentially high, as increased use of a renewable energy resource like hydro power will lower the carbon emission intensity for the power generation system.

    Related News

    CEMAC, APPO and CABEF conclude tripartite agreement for the CAPS project

    NCDMB intervenes as Enerog, host communities resolve FTO dispute

    ‘Petrobras wants more power to appoint Braskem board members and directors’

    E-book
    Resilience Exhibition

    Latest News

    Crude climbs on US jobs report, China talks

    June 6, 2025

    Be deliberate in securing govt facilities in your communities – IBAS

    June 6, 2025

    UAE’s power capacity to reach 79.1GW in 2035

    June 6, 2025

    Gold steady near week high as markets brace for key US jobs data

    June 6, 2025

    Nigeria’s renewable power capacity to reach 1.7GW in 2035

    June 6, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.