Section 19, The National Power Authority Act, 1982

The Authority may for the purpose of performing its functions under this Act from time to time after consultation with the Minister and with the prior approval of the Minister of Finance— (a) borrow money or raise capital in any currency and from any source for— (i) the provision of working capital; (ii) the redemption of any stock it is required or entitled to redeem; No. 3 National Power Authority 1982 11 (iii) any other expenditure properly chargeable to capital account; (b) issue any stock; (c) give any guarantee; (d) create or maintain any mortgage either fixed or floating over the whole or any part of its property. [Margin: Power to borrow money and incur indebtedness for other purposes.]