Nigeria’s Transmission Network gets $1.57 bn to Expand Grid

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The World Bank, African Development Bank, Japan International Cooperation Agency and the French Development Agency have raised $1.57 billion for the Transmission Company of Nigeria (TCN) in efforts to expand the 20,000 MW national grid over the next four years.

The funds raised will assist with the implementation of the Transmission Rehabilitation and Expansion Programme (TREP), which was initiated and approved by the federal government for the TCN to grow, stabilize and modernize Nigeria’s transmission network, reports ESI Africa.

“We established the TREP that seeks to expand and stabilize the grid, and provide necessary flexibility and redundancies consistent with N-1 reliability criteria,” said Managing Director of the TCN Usman Mohammed at a workshop hosted for electricity industry stakeholders in Abuja on Tuesday.

“In the last one year, we have been able to deliver a 20-year least-cost transmission plan, present to NERC [Nigerian Electricity Regulation Commission] a generation adequacy report which is part of the requirement of the function of system operation, and we have been able to also audit TCN from 2010 to 2016 and now working to deliver the 2017 audit,” he added.

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Joseph Afam (Local Contents and Partnership Editor) (070 3949 0464) Joseph Afam is a energy and finance journalist, who has years of experience in journalism, he started his journalism career in Nigeria’s top financial newspaper in Lagos. He’s a graduate of Economics and Finance from University of Ebonyi State, Nigeria He has won series of awards and regconitions Contact him for any editorial deals and advertorial issues on # Joseph.Afam@naija247news.com, editor@naija247news.com, Cell: 070 3949 0464

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