Connect with us

Business

TCN says Nigerians will never have stable electricity unless…

Published

on

TCN asks Nigerian government to liquidate distribution company

The Transmission Company of Nigeria, TCN, has declared that Nigerians will never have stable electricity except the distribution companies in the country recapitalize.

According to the TCN, the massive investment by the Federal Government and multilateral agencies on the expansion of Nigeria’s power transmission grid will be meaningless if there is no commensurate investment in distribution network by electricity distribution companies.

“Nigerians will never have electricity if the Discos do not invest in their network”, TCN Managing Director, Usman Mohammed, said in the latest presentation he made on the work being done by the transmission company.

Read also: CBN to set up MFB for Agric, SMEs

It would be recalled that the TCN had said at the weekend that the Federal Government and multilateral agencies investment on electricity transmission under the Transmission Expansion Rehabilitation Programme had risen to $1.63bn, a development that led to a rise in Nigeria’s power transmission capacity from about 5,000 megawatts three years ago to 8,100MW.

Mohammed however declared that all the efforts of the Federal Government in ensuring grid stability might amount to nothing if power distributors failed to adequately invest in distribution assets by recapitalising.

He said: “All these things that we are doing by trying to make the grid stable, do you know that only 18 customers are connected directly to our network? So that means the quality of life of Nigerians may not change with respect to electricity regardless of what we are doing.

“Of course, if we don’t do it, there is a problem. If we do it and other people don’t do what they are supposed to do, it is also a problem. Out of necessity we asked the system operator to do a study across the grid recently and we discovered that out of 738 interface that we have with the distribution companies, only 421 are connected directly through our injection substations.”

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now