Nigeria: WBG activates $300m more gas, power funding

The World Bank Group has activated $300m of additional credit support for power sector reform and gas development projects, including a SDR64.5m ($100m equivalent) loan for transmission and distribution infrastructure, and International Development Association partial risk guarantees (PRGs) worth $200m to support Niger Delta Power Holding Company’s gas supply and aggregation agreements with Shell Petroleum Development Company, Chevron Nigeria Ltd and other oil companies.