The Transmission Company of Nigeria, TCN, has secured $1.55 billion from multilateral agencies to revive some critical projects and expand the transmission grid.
Interim Managing Director of TCN, Usman Gur Mohammed made this known at the 18th Power Sector Stakeholders’ meeting in Kumbotso, Kano State.
Mohammed stated that the intervention came from the World Bank, African Development Bank, Islamic Development Bank, European Union and Japan.
“The strategy is that we have approached the multilateral donors and we have been able to raise some significant money. We have also resuscitated some project that has not been doing well, like the Abuja transmission project which is supposed to provide three sub- stations and provide another avenue for supply through Abuja from Lafia.
He also noted that “we have a stranded load generation of about 2,000 megawatts (mw), this is not healthy for the development of the sector.
“On growing the load and avoid load rejection, we are working with DisCos to see how to improve their capacity and we have appointed , Interface focal officers to help them pick more load,” he noted.
The TCN boss who assumed office in January this year said the public firm is now working towards realizing 20,000mw of transmission capacity in the next few years, a statement by the Principal Manager (Public Affairs), Mrs Ndidi Mbah said.
