The Transmission Company of Nigeria (TCN) said it is injecting $1.57 billion into the power transmission infrastructure to raise the electricity grid to 20,000 megawatts (MW) from 2021.
The Managing Director of TCN, Mr Usman Gur Mohammed disclosed this recently when he received the Editor-In-Chief/CEO of Media Trust Limited, publisher of Daily Trust newspaper and other titles, Malam Mannir Dan-Ali in Abuja.
Mohammed said the projects are contained in the Transmission Rehabilitation and Expansion Programme (TREP) of TCN which targets brownfield (expansion) and greenfield (new) power transmission projects meant to move transmission from its current 7,000MW wheeling capacity.
He said the $1.57bn fund was sourced from multilateral donors to install multiple transformers and transmission lines in line with the global standard of N-1 that implies having double equipment in a power station to create redundancy in the case of a fault.
Source: Energy Mix Report