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FG Approves N701bn As Power Assurance For Gencos

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The Federal Government yesterday approved the sum of N701 billion as Power Assurance Guarantee for the Nigeria Bulk Electricity Trading (NBET).

The facility, which is to be made available by the Central Bank of Nigeria (CBN), is to guarantee payment for the evacuation of power produced by Generating Companies (GenCos) for the national grid.

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