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TCN to build Critical Transmission Infrastructure worth USD 1.57 bn in Nigeria

Mohammed stated that the USD 1.57 billion would be used to build transmission lines and substations to stabilize the national grid.


Devdiscourse News Desk 12 Jun 2018, 03:57 AM Nigeria
  • According to Mohammed, USD 408 million out of the USD 1.57 billion was provided by the World Bank to magnify the transmission capacity via brownfield projects. (Image Credit: 360nobs)

Mr Usman Gur Mohammed, the Managing Director and Chief Executive Officer of Transmission Company of Nigeria (TCN), has stated that the company has placed a total of USD 1.57 billion to build critical infrastructures across the country.

Speaking in Lagos at a power roundtable organized by Sahara Power, Mohammed argued that there is nothing incorrect with the federal government’s ownership of TCN, adding that many other successful grids around the world are also government-owned.

Mohammed stated that the USD 1.57 billion would be used to build transmission lines and substations to stabilize the national grid.

According to Mohammed, USD 408 million out of the USD 1.57 billion was provided by the World Bank to magnify the transmission capacity via brownfield projects.

Mohammed added that TCN could not execute projects through contractor financing since it obtains only less than 40 percent of its revenue from the Nigerian electricity market.

He further stated that TCN has over 90 projects that are ongoing, including the Abuja Wheeling scheme, where five additional substations would reach USD 170 million.

Mohammed also shews that TCN would execute Lagos-Ogun transmission project.

He, however, added that the N 8 billion expected to be paid by the company as compensation is outrageous, saying that the company would approach Ogun State government to help review the compensation.

Mohammed emphasizes that TCN projects cut across the whole country, adding that "anybody who is tribalistic cannot run the national grid because if you concentrate the grid capacity in one section of the country, the other section will collapse and still bring down that section."


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