The deputy head of mission at the Japanese Embassy, Mr Masaya Otsukhe has said that the Japanese government, as part of its support for Nigeria’s power sector, has offered an $800 million credit line to Nigeria that will be used to rehabilitate and extend the lifespan of the Jebba power plant, Leadership reports.
As such, the federal government and the government of Japan are expected to firm up all relevant agreements that will ease the way for the 578.4 megawatts (MW) installed capacity Jebba hydro power plant to access the loan to refurbish its four generating turbines which have not undergone any form of mandatory overhaul since they were commissioned in 1983.
This comes as one of the plant’s turbines with a generation capacity of 96.4MW which was rehabilitated by Japan after a fire incident, was commissioned yesterday to increase the plants available generation capacity to 482MW. The loan is under the Tokyo International Conference on African Development (TICAD) framework, and will include 1.4 per cent concessionary rate for 40 years.
Source: Energy Mix Report News
