The Minister of Power, Adebayo Adelabu, has announced that the Federal Government is set to release $800 million for the construction of substations and distribution networks as part of the Presidential Power Initiative (PPI).
According to the minister, the investment will be divided into two portions: $400 million for Lot 2, covering the franchise areas of Benin, Port Harcourt, and Enugu Distribution Companies (DISCOs), and $400 million for Lot 3, covering the franchise areas of Abuja, Kaduna, Jos, and Kano DISCOs.
A statement issued on Sunday by Bolaji Tunji, the minister’s Special Adviser on Media and Strategic Communication, quoted Adelabu during a tour of the TBEA Southern Power Transmission and Distribution Industry in Beijing, China.
