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Success of Nigeria’s power ‘guinea pig’ threatened by late settlement of invoices

…$135m investor equity dividends stranded

Gaskraftwerk Geregu II in Nigeria. Mit einer installierten Leistung von 434 Megawatt leistet das Kraftwerk einen wichtigen Beitrag für den Ausbau der Stromversorgung des Landes. The Geregu II gas-turbine power plant in Nigeria. With an installed capacity of 434 megawatts, the power plant is playing an important role in the expansion of the country's power supply.

The Federal Government has settled the past 10 invoices of the Azura Independent Power Plant (IPP), but it has often come too close to missing the deadline and this is giving investors cause for concern. Azura has been called the ‘guinea pig’ for the long-term development of the sector due to its innovative financing structure…

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