The Federal Government and multilateral donor agencies are expected to sign three key transmission projects deals worth $956 million to be executed by the Transmission Company of Nigeria under its national grid expansion plan before this month ends. Already, a meeting had been held between the TCN and representatives of the multilateral donor agencies in […]
The power distribution companies (Discos) are owing regulators and service providers a total of N205.51 billion being payment obligations spanning the three year period from January 2015 to June this year. This figures, which didn’t include the DisCos’ other indebtedness to power generation companies (GenCos), were given by the Market Operator (MO), an arm of […]
The Federal Government on Tuesday said that the Transmission Company of Nigeria (TCN) had been appointed to manage its planned N72 billion investments in 11 electricity distribution companies (Discos) to upgrade their distribution infrastructure nationwide. The Managing Director of TCN, Mallam Usman Mohammed, confirmed that the Minister of Power, Works and Housing, Mr. Babatunde Fashola, […]
The World Bank, African Development Bank (AfDB), Japan International Cooperation Agency (JICA) and French Development Agency are leading other multilateral donor agencies with $1.57 billion raised to boost Nigeria’s electricity grid to 20,000 megawatts (MW) within the next four years. The Managing Director of Transmission Company of Nigeria (TCN), Mr. Usman Mohammed, disclosed this at […]