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Nigeria power grid: India's Power Grid in final bidder

India's Power Grid Corporation is among the three firms shortlisted by Nigeria to manage the African nation's electricity grid to be constructed at a cost of USD 3.5 billion.

twitter-logo PTI   Abuja     Last Updated: August 28, 2010  | 15:41 IST

India's Power Grid Corporation is among the three firms shortlisted by Nigeria to manage the African nation's electricity grid to be constructed at a cost of USD 3.5 billion.

Besides Power Grid Corporation of India, the other two short-listed companies are Canada's Manitoba Hydro and Electricity Supply Board of Ireland, Bart Nnaji, head of the presidential task-force charged with reforming Nigeria's power sector, said.

He said once the bid is finalised, the management would be handed over to the successful firm by the end of the year.

Nigeria's former finance minister Ngozi Okonjo Iweala, who is at present the Managing Director of the World Bank, had once described Power Grid Corporation of India as a very successful company "with emerging international best practises in transmission" which the World Bank is proud to be associated with.


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