Nigeria Privatizes Power Plants, But Tread Cautiously

Law360, New York (August 26, 2013, 2:38 PM EDT) -- In the second of a series of broad public initiatives designed to bolster the electric power sector in Nigeria, the federal government of Nigeria recently announced it would privatize 10 gas-fired power plants under development by the Niger Delta Power Holding Co. Ltd.

The power plants in question were developed with government funds pursuant to the National Integrated Power Project, a program launched in 2004 by then President Olusegun Obasanjo in order to urgently address serious shortfalls in Nigeria’s electric generating capacity and leverage the country’s...
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