power

Budget: Finance, power projects get lion’s shares of N1.16tn loans

The Ministry of Finance, Budget and National Planning will get the lion’s share, in terms of projects costs, of the N1.16tn multilateral and bilateral loans that the Federal Government is planning to get to part fund the 2022 Budget.

The Minister of Finance, Budget and National Planning, Zaynab Ahmed, had on Friday said from the N16.39tn budget that the President, Major General Muhammadu Buhari (retd.), presented to the National Assembly on Thursday, N10.13tn was projected to be generated as revenue and N6.26tn which is 3.39 per cent of Gross Domestic Product as deficit would be financed

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Canadian cryptocurrency company plans to buy North Tonawanda power plant | Local News

Lewiston architect David Guisiana, who presented the project to the Planning Board, said the plan calls for numerous shipping containers, in multiple stacks each 24 feet high, to be placed on the power plant’s lawn.

“Each one of the shipping containers would hold a few hundred computers,” Giusiana said. “When the large (power) plant itself needs to go online to sell power to the grid, the battery backup would go on.”

The board then made its approval conditional on a fire protection plan in case the lithium batteries catch fire.

“Technicians running the equipment would have to be there 24

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