Nigeria In One Minute
TCN Mulls PPP to Upgrade Transmission Network
The Transmission Company of Nigeria (TCN) may consider Public-Private Partnership (PPP) arrangement in the mix of options available to it to upgrade the capacity of Nigeria’s national grid, THISDAY has learnt.
THISDAY gathered that funding for the PPP option was part of the larger $486 million loan Nigeria received from the World Bank in February 2018 to expand the capacity of the electricity transmission network.
The $486 million loan facility to Nigeria has a five-year moratorium and a 30 years repayment window.
It was also learnt that out of the $486 million loan facility, the TCN would use about $32 million to prepare the transaction documents as well as procure a private developer for a pilot PPP arrangement for its transmission network.
THISDAY, August 23, 2018
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