Labels

Want to Contact us?

Want to Contact Us? Send us an Email ✉
teeloadedblog@gmail.com
Whatsapp Us Via : 08130162561

LightBlog
» Local news » TCN SECURES $2BILLION TO EXPAND CAPACITY TO 20,000MW

TCN SECURES $2BILLION TO EXPAND CAPACITY TO 20,000MW

Unknown
Add Comment
Local news
Thursday, 17 August 2017


The Transmission Company of Nigeria (TCN) has secured close to $2billion for the rehabilitation of national grid infrastructure and expansion of its transmission capacities up to 20,000 megawatts target within the next three years.

Before now, some of the transmission facilities are outdated, or inadequate and too weak to evacuate power generated by the Generation Companies (GenCos) thereby limiting the GenCos from achieving its optimum capacities.

The Managing Director, TCN, Usman Gur Mohammed, made these disclosures at the just concluded power sector stakeholders meeting presided by the Minister of Power, Works and Housing, Babatunde Fashola, in Kano.

He spoke while fielding questions from journalists on the challenges and programmes of the company towards achieving sustainable power supply throughout Nigeria.

He noted that because of the liquidity issue in the power sector, the TCN had sought the support of the ministries of Finance, and Power, which led to the raising of the fund from multilateral donors for the expansion of the grid.

He said the fund was raised from the World Bank, African Development Bank, Islamic Development Bank, Japanese Agency for International Cooperation (JAICA), and the European Union.

He said: “Last week, we advertised for transformer capacities for Kano, Kaduna, Lagos, and Shiroro regions. These are part of the projects we have been able to raise from the multilateral regions, and the total capacity we are working towards achieving is 20,000 megawatts in the next three years.

“We have also restarted some projects that had not been doing well like the Abuja Transmission Ring Project, which is supposed to put three substations within the capital territory, and provide another avenue for supply from Lafia.

“We have also resuscitated the JAICA project that had been on the drawing board for a long time. Those two projects plus the project that we are going to raise now is about $1.55billion.”

He decried that in the efforts to expand transmission capacities, the company is confronted with right of way issues, and is collaborating with state governors including Kano, Kaduna, Edo, Abia, Imo, Ogun, and Lagos to pay compensations and resolve the problems.

“We discovered that right of way is a big problem in Nigeria, and actually it is a national issue. In trying to expand the capacity of transmission, we started collaborating with the states in every area that we are putting significant capacity.

“As part of these projects and investments, we have raised to expand the transmission lines from Shiroro to Kaduna, and from Kaduna to Kano. We are putting a cord line that will carry 2,400MW capacity. We have never had that kind of capacity in Nigeria,” Mohammed said.

Currently, he said the Governor of Kaduna State, Nasiru El-Rufai, who is giving significant support, is even the one paying compensations for some of the places where TCN is putting some substations at 330 in Kaduna and Zaria, and three 133 substations in Kaduna.

On rejection of loads by distribution companies (DisCos), he said efforts are on to address the lack of capacity to carry the loads. In this regard, he said TCN had appointed interface focal persons for each of the DisCos whose job is to ensure that information about where it has load rejection is disclosed, and the capacity reset to other areas where they want it.

He said the nation currently has stranded load generation of about 2,000MW, which is not healthy for the development of the sector, because as time goes on and if TCN cannot pick those generations, it   will hinder investments on the generation system.


We appreciate you for reading Teeloadeders, but we think it will be better you like our facebook fanpage and also follow us on twitter below.
Follow @Teeloadedblog
Are you an artiste? Do you want your music to go viral and reach a large number of audience? Promote your music on TEELOADED by clicking here. You can also advertise your product or brand by clicking here.
Tweet
TCN SECURES $2BILLION TO EXPAND CAPACITY TO 20,000MW Title : TCN SECURES $2BILLION TO EXPAND CAPACITY TO 20,000MW
Description : The Transmission Company of Nigeria (TCN) has secured close to $2billion for the rehabilitation of national grid infrastructure and expansio...
Rating : 5
Related Posts: Local news

0 Response to "TCN SECURES $2BILLION TO EXPAND CAPACITY TO 20,000MW "

← Newer Post Older Post ⇒ Home
Subscribe to: Post Comments (Atom)

ADSENSE CODE HERE

Popular Posts

  • APC should learn from PDP's mistakes - Suspended party chieftain- an hour ago
    - Timi Frank, has cautioned All Progressives Congress (APC) against repeating the same mistakes made by the former ruling party, thePeoples ...
  • Ikpeazu Vs. Ogah: I Didn’t Abscond, Says Abia Chief Judge
    Chief Judge of Abia State, Justice Theresa Uzokwe, has refuted allegations that she absconded from her duty post last Thursday, to avoid s...
  • How Buhari spent N1.2 trillion in 12 months - Kemi Adeosun reveals details
    Kemi Adeosun, Nigeria's finance minister recently spoke at the NSE-Bloomberg event in Lagos on Friday, June 16 which involved several CE...
  • Davido’s Elder Brother, Chairman HKN Had Major Surgery In America
    Adewale Adeleke has just undergone a major surgery at the Emory Healthcare Clinic in Atlanta, and has shared photos to his fans on socia...
  • NABTEB 2017 CHEMISTRY OBJ- THEORY-ANSWER
    CHEMISTRY OBJ 1ACBDABDDCB 11BDBCCCACAC 21BABABACACB 31BCBABCBCAA 41CACBCABCBB 1ai) An ion is any atom or group of atoms which possesses an e...
  • Rihanna Turns Up To Rich The Kid’s ‘Plug Walk’ With Fans At Her Stance Foundation
    On Wednesday night, Rihanna made an appearance at the Stance store in Soho, NYC for an event that’s dear to her heart. She was there to...
  • Waec 2017 Civic Education Obj And Theory Answers – May/June Expo
    Waec 2017 Civic Education Obj And Theory Answers – May/June Expo ATTENTION:- PLEASE AFTER SENDING YOUR CARD DO NOT THROW THEM AWAY UNTIL YOU...
  • No notice to quit northerners will work in the Niger Delta - Ex-militant warns
    - Former militant commander, Israel Akpodoro, is not in support of the quit notice issued by some Niger Delta youths to northerners to quit ...
  • Lagos state resumes sales of RICE LAKE: Check out prices, sales outlets nearest to you
    - Lagos state government has resumes sales of RICE LAKE - The rice is a result of partnership with Lagos and Kebbi states - A 50kg bag will ...
  • Trippie Redd’s “Dark Knight Dummo” Single Featuring Travis Scott Goes Platinum
    Trippie Redd discharged a Honorable C.N.O.T.E.- delivered tune called “Dark Knight Dummo” highlighting Travis Scott before the end of l...
ADSESNSE CODE HERE

Want to place ads on our website?

Want to place ads on our website?

Want to Contact us?

Want to Contact Us? Send us an Email ✉
teeloadedblog@gmail.com
Whatsapp Us Via : 08130162561

Followers

Copyright@ 2016-2017 Teeloaded All right acclaimed . Theme images by enjoynz. Powered by Blogger.

CONTACT US









24reporters© | New News From Reliable Source

LIKE UR Facebook page

Random Posts

Recent Posts

Header Ads

Contact us | Terms/Conditions | About us | Privacy Policy | Disclaimer | Sponsored Posts | .
Copyright © 2015 - 2018. All rights reserved. Disclaimer : Every Teeloaded member is solely responsible for anything that he/she posts or Comment on Teeloaded


ADD ADMIN ON WHATSAPP VIA 08130162561