The Transmission Company of Nigeria (TCN), has stated that the recent decline in quality of TCN services by 25% is as a result of the debt of N100 billion owed to it by the electricity market.
Former TCN Managing Director, Abubakar Atiku, revealed that the power company is looking to raise its wheeling capacity from 6,500 MW to 7,200MW by the end of 2017.
Atiku, speaking at Abuja on Wednesday, emphasised that the poor revenue collection has had negative effects on the operations and development of the nation’s grid.
“It would interest you to note that TCN is being paid an average of 33 % of her total invoice sent to the Market Operator between January and September 2016, which (was) further reduced to 27 percent in the month of November 2016,” he said.
Atiku also revealed that, a lot of TCN’s containers are being held up in the port as a result of poor funding, however, remaining confident that the provisions in the 2017 budget would be enough to clear and move all containers to their respective sites.
He explained that electricity towers and lines such as the Minna-Shiroro transmission line, 132KV transmission line, Gombe-Damaturu, 330KV transmission line and the Kontagora-Yauri 132 KV line among others, sometimes collapse as a result of stormy weather and vandalism in some areas of the country.
However, he assured that the completion of outstanding projects funded in 2016, and new projects will most definitely increase the nation’s wheeling capacity from 6,500MW to 7,200MW by the end of 2017.
Atiku stated some of the targeted projects to include:
Rehabilitation of Afam1 X 150MVA, 330/132/33KV transformer and construction of Afam IV to Afam 1 132KV transmission line at 95 percent completion; Katsina-Daura 132KV line and 2X60MVA Substation at Daura which is 90 percent completed; Kafanchan 2X60MVA substation project, presently 92 percent completed; 1X150MVA, 330/132KV & 2X60MVA, 132/33KV substation in Maiduguri at 85 percent completion; and the Osogbo-Ede 132KV DC transmission line at 95 percent completion.