Nigeria and AFD sign $25 M deal
Nigeria, Abuja: The Nigerian Government and the French Development Agency (AFD) signed a grant agreement of $25 M (€25 M) for the Northern Corridor Project.
Image source: Chronicle NG
Nigeria, Abuja: The Nigerian Government and the French Development Agency (AFD) signed a grant agreement of $25 M (€25 M) for the Northern Corridor Project.
The project, jointly funded by the European Union and the AFD, is to boost power supply in the country.
The Minister of State for Budget and National Planning, Mr. Clem Agba and the AFD Country Director in Nigeria, Xavier Muron, signed the agreement yesterday in Abuja, in the presence of the Ambassador of France to Nigeria, Emmanuelle Blatmann, and the Head of Cooperation at the European Union Delegation to Nigeria and ECOWAS, Cecile Tassin-Pelzer.
The Northern Corridor Project being implemented by the Transmission Company of Nigeria (TCN) is meant to strengthen a low-carbon economic growth in West Africa by improving the quality of the electricity network in Nigeria and supporting the development of a regional electricity market under the West African Power Pool (WAPP).
A statement by the Embassy of France in Nigeria, explained that the specific objectives of the project, in line with the Nigerian Energy Transition Plan (ETP) were to: reinforce globally the north-west network and develop access to electricity for the population; help evacuate / distribute the solar generated power from future projects in the North; participate in the WAPP interconnection project with Niger Republic.
According to the statement, the project would build more than 800 km of 330 kV double circuit transmission lines and construct or upgrade 13 substations.
The statement further read that: “The grant agreement signed today represents the EU’s contribution to the project while the AFD contribution of €202 M was signed in December 2020. The total cost of the project is around €238 M, including a €12 M contribution from TCN.”
The expected impacts of the project include: 5 GW additional evacuation capacity to be created under the project; potential transmission of 17 TWh additional electricity every year; possibility of several millions of people to have access to electricity and a better electricity service on a short term; creation of 600 jobs (500 during the construction phase and 100 in the operation phase).
Source: Chronicle NG
#Agence Française de Développement#funding#Nigeria#power transmission#Transmission Company of Nigeria