WB to finance Nigeria on power project
Xinhua, Lagos
The World Bank is to spend 480 million naira (about 3.8 million US dollars) on the installation of 1,000 transformers in the Nigerian capital Abuja, a senior official from Nigerian power industry said here on Tuesday.Edward Ikwu, chief executive officer of the Abuja Electricity Distribution Company, said at a sensitisation meeting "the project will ensure better services to customers when the 1,000 transformers are put into operation." He added that the project highlighted by installation of 1,000 high voltage distribution system (HVDS) transformers would eliminate low voltage experienced by some customers on the low voltage distribution system (LVDS) transformers.
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