Power Firm Plans to Export Electricity from Nigeria

electricityA view of the power lines as evening settles. Photo by David McNew
  • Power Firm Plans to Export Electricity from Nigeria

A private electricity generating company, Paras Energy & Natural Resources Development Limited, plans to sell some megawatts of electricity outside Nigeria.

This was disclosed in a communiqué issued at the end of the 14th monthly meeting of the Minister of Power, Works and Housing, Mr. Babatunde Fashola, with operators of the power sector, on Monday at the National Control Centre, Osogbo.

“The meeting received the confirmation from the independent system operator that the intention of Paras Energy to sell 60MW internationally will not jeopardise the power purchased by the Nigerian Bulk Electricity Trader for use in the domestic market,” the communique stated.

About the Author

Samed Olukoya
CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade long experience in the global financial market. Contact Samed on Twitter: @sameolukoya; Email: [email protected]

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