Power Sector Stakeholders Mull Future of TCN after Manitoba Hydro Exit

AD


Manitoba Hydro International of Canada has ended its time with Nigeria after  four years contentious management contract for the Transmission Company of Nigeria (TCN).
The Minister of Power, Works and Housing, Babatunde Fashola (SAN), recently hinted at a possible unbundling option, while it is not clear what is government next plan for TCN. The electricity distribution companies have also called for the company to be concessioned. 
On their part, electricity generation companies in Nigeria said the current transmission infrastructure of the TCN remains a threat to the safety of their operations and equipment, despite Manitoba’s stint. 
Rather, they want government to invest significantly into the transmission network and upgrade its capacity to an equal level with other value chains of the electricity industry. The utilities highlighted how continued underperformance was impeding the sector’s growth, and called for quick solutions to the development.
Fashola hinted that the Ministry was constantly receiving expression of interests from people who want to invest in transmission grid expansion on a Public Private Partnership basis (Build Operate and Transfer). 
According to him, “We are open to it. But we recognize the need for assurances of recovery.” 
He also said he had challenged the experts to come up with proposals about how expansions could be done modularly, while still being interconnected to the main grid, Guardian reports.

AD

Be the first to comment

Leave a Reply