Power: Shiroro Plant Receives N8.5 Billion Boost - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Editor 4
March 1, 2019
ShiroroHydroelectric Power Plant, Niger State, has received a N8.5 billion investmentboost as its operators, North South Power Company Limited’s  issue Green Bond to optimize its output.
ShiroroDam The 15-year tenured bond with 15.60% yield was issued under a 50billionDebt Issuance Programme. It was made possible through the guarantee ofInfraCredit, rated infrastructure credit enhancement facility backed by theNigeria Sovereign Investment Authority.
TheNigeria Sovereign Investment Authority said in Abuja, that with InfraCredit’sguarantee, the Series 1 Green Bonds was accorded a ‘AAA’ credit rating as thefirst certified corporate green bond and the longest tenored corporate bondissued in the Nigerian debt capital markets approved by the SEC
The Executive Vice Chairman and CEO of North South Power Company Limited, Olubunmi Peters, noted the success of the bond issuance was a significant milestone in the company’s long-term corporate strategy.