More
than 130 power transmission projects were stalled between 2002 and now
due to lack of fund, the Deputy Managing Director of Transmission
Company of Nigeria (TCN), Dr Atiku Abubakar, has said.
He said 30 of the stalled projects had been identified to be in need of urgent attention.
Atiku, who spoke on Tuesday during inspection of some of the ongoing projects and a training exercise of some auditors in Lagos said his company was on the verge of reviving some of the projects to achieve the dream of effective and uninterrupted power supply in the years to come.
He said the TCN had secured the release of some of the abandoned containers with Customs Service and had been distributed to respective projects site in Lagos.
He said: ``we are making all effort to ensure that fund is raised outside the appropriation of government. We have investors who are ready to come into the country to invest in our schemes.
``We also expects more funding from government to be able to achieve the
mandate set for ourselves on improving on the transmission capacity.”
He further spoke on plans by the the federal government to hit 8000 megawatts in 2016, saying Nigeria needs N15 billion annual investment to be able to meet the target.
He disclosed that electricity generation in the country recently improved and attributed it to improved gas supply to generating stations.
According to him, we have been able to reach the highest peak so far in July of about 4,652 megawatts while the transmission capacity remains a little above the power generated so far.
He said that contrary to other opinions, TCN had the capacity to transmit about 5,300 megawatts of electricity.
“As generation is improving, we are expected to expand transmission capacity to be able to evacuate all that is being generated in the stations for distribution.
“l can assured that we have our plans, targeting projects that are very critical which have been mapped out so that within the shortest possible time, will be able to hit 8,000 megawatts transmission capacity by end of 2016,’’ he said..
Abubakar said that interested investors who were willing to invest in the transmission segment had been shortlisted, adding that over 30 investors that could deliver on project had been chosen.
He said 30 of the stalled projects had been identified to be in need of urgent attention.
Atiku, who spoke on Tuesday during inspection of some of the ongoing projects and a training exercise of some auditors in Lagos said his company was on the verge of reviving some of the projects to achieve the dream of effective and uninterrupted power supply in the years to come.
He said the TCN had secured the release of some of the abandoned containers with Customs Service and had been distributed to respective projects site in Lagos.
He said: ``we are making all effort to ensure that fund is raised outside the appropriation of government. We have investors who are ready to come into the country to invest in our schemes.
``We also expects more funding from government to be able to achieve the
mandate set for ourselves on improving on the transmission capacity.”
He further spoke on plans by the the federal government to hit 8000 megawatts in 2016, saying Nigeria needs N15 billion annual investment to be able to meet the target.
He disclosed that electricity generation in the country recently improved and attributed it to improved gas supply to generating stations.
According to him, we have been able to reach the highest peak so far in July of about 4,652 megawatts while the transmission capacity remains a little above the power generated so far.
He said that contrary to other opinions, TCN had the capacity to transmit about 5,300 megawatts of electricity.
“As generation is improving, we are expected to expand transmission capacity to be able to evacuate all that is being generated in the stations for distribution.
“l can assured that we have our plans, targeting projects that are very critical which have been mapped out so that within the shortest possible time, will be able to hit 8,000 megawatts transmission capacity by end of 2016,’’ he said..
Abubakar said that interested investors who were willing to invest in the transmission segment had been shortlisted, adding that over 30 investors that could deliver on project had been chosen.
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