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Nigeria: $1.66bn from international donors increases power generation – TCN

By Adebayo Animasaun  2:11: 2019

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The Managing Director of Transmission Company of Nigeria (TCN), Alhaji Usman Mohammed, said that the 1.66 billion dollars  received from international donors increased generation capacity in the country.

News Agency of Nigeria (NAN) reports that TCN recently received 1.66 billion dollars from multi-lateral donors to boost power supply in the country.

Mohammed disclosed this at the Nigeria electricity awareness walk, organised by TCN and Mainstream Energy Solutions Limited in conjunction with other Nigerian Electricity Industry Stakeholders on Saturday in Abuja.

He said that the capacity was less than 4,000MW but increased to over 7,500MW, which also increased the distribution capacity from about 3,500MW to 5,375MW in the highest peak in February.

“There is need to sustain investment into the sector especially in distribution segment, careful investment planning, regulatory consistency and transparency,’’ he said.

The TCN boss said United Nations’ SDGs classified infrastructure along industry and innovation as goal number nine, while availability of clean and affordable energy was made to stand alone as goal number seven.

Mohammed said power stands out as the most important infrastructure, adding that many citizens knowingly or ignorantly were contributing to the crisis confronting the sector.

He attributed the poor development of the sector to vandalism of power infrastructure, building under power lines, preventing acquisition of power line right of way (ROW) among others

Source: NTG

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