Tuesday, September 25, 2012

Nigeria names buyers of five state power plants

Power pylons in Nigeria. PHOTO/File

(Reuters) - Nigeria announced on Tuesday the preferred bidders for five state power generation plants, part of plans to privatize the country's electricity sector to boost growth in Africa's second largest economy.

Despite holding the world's seventh largest gas reserves, Nigeria only produces around 4,000 megawatts (MW) of electricity for its 160 million people, less than a tenth of the amount South Africa provides for a population a third of the

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