World Bank, AFDB, Others Raise $1.57bn For Nigerian Grid Expansion

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Mr Usman Gur Mohammed, the Managing Director of Transmission Company of Nigeria, TCN, has revealed in Abuja during a two-day workshop to review supervisory control and data acquisition, SCADA, and electricity management systems, EMS, that multilateral donor agencies have raised $1.57 billion for the agency to expand Nigeria’s electricity grid to 20,000 megawatts within the next four years. He said the donor agencies include World Bank, African Development Bank, AFDB, JICA, and French Development Agency and the funds raised for the TCN were to be used to implement the Transmission Rehabilitation and Expansion Programme, TREP that seeks to expand, stabilize the Grid, and provide necessary flexible, redundancy consistent with N-1 Reliability criteria.

 

Read more: World Bank, AFDB Others Raise $1.57bn For Nigerian Grid Expansion

 

Epileptic Power: ROSATOM Proposes water as an effective off-grid solution for Nigeria.

ROSATOM, on behalf of the Russian government, has signed an agreement with Nigeria for the development of a nuclear power plant and research center and proposed that off-grid technologies -such as mini-hydro power stations as an effective solution to ensure access to electricity for Nigeria’s increasing population.
Dmitry Shornikov, the Corporation’s Regional Vice President in charge of Central and Southern Africa stated that a significant amount of the economy is powered largely by small-scale generators (10-15 GW) and almost 50% of the population have limited or no access to the grid. As a result, Nigerians and their businesses spend almost $14 billion annually on an inefficient generation that is expensive, of poor quality, noisy and polluting sources -from electricity generators. He emphasized that off-grid solutions to scale and commercial viability in Nigeria will unlock an enormous market opportunity in Sub-Sahara Africa.

Read more: Epileptic Power: ROSATOM Proposes water as an effective off-grid solution for Nigeria.

Oshiomhoe urges Buhari to probe Obasanjo over $16 billion power sector expenses

 

Yesterday at the All Progressive Congress (APC) secretariat in Abuja, Adams Oshiomhole, the former Edo State Governor has urged President Buhari to probe former President Olusegun Obasanjo to account for how over $16 billion was expended in the power sector during his administration with any tangible results. He has stated this while addressing party supporters after receiving handover notes from his predecessor, Chief Odigie-Oyegun.

 

Read more: Oshiomhoe urges Buhari to probe Obasanjo over $16 billion power sector expenses

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About Rejoice Obike 105 Articles
Obike Rejoice Chinecherem is an ardent reader who loves African literature. She is creative in writing, her write-ups are all about her everyday experiences, women, and society. She loves chocolates, and in her copious time enjoys reviewing artworks and talking about feminism.

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