Wednesday, July 25, 2012

Economy - Voice of America: Canadian Company Assumes Control of Nigerian Electrical Grid

Economy - Voice of America
economy-and-business
Canadian Company Assumes Control of Nigerian Electrical Grid
Jul 25th 2012, 11:43

ABUJA — A Canadian power company is set to take over operations of Nigeria's government-owned power transmission company next week. Energy officials say this is a major step towards privatizing the energy industry - a move they hope will end the power shortages that cripple the Nigerian economy.  Nigerian officials say a lot of the country's power is lost in transportation. Dilapidated and mismanaged electrical grids waste about a forth of Nigeria's electricity, which is roughly six ...

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