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 […]
Key stakeholders in nation’s power sector today could not agree on the challenges undermining the performance of the sector, with each player speaking from a position of defence as relating to their roles in the sector. The key players and regulators who spoke at a round table power sector discussion hosted by Sahara Group in […]
The Transmission Company of Nigeria (TCN) has accused most power generation companies (Gencos) of not providing correct information about the capacities of their plants, thereby leaving room for abuses or fraudulent financial claims on capacity charges. The TCN position was in response to Gencos’ allegation that the company was undermining their efforts, through its management […]
The African Development Bank (AfDB), today said that it was currently assisting the Transmission Company of Nigeria (TCN) to invest in modernisation of its transmission network to improve the energy sector of the country. The AfDB President, Dr Akinwumi Adesina, who disclosed this at the sidelines of the bank’s ongoing 53rd Annual Meetings in Busan, […]