Kunle Kalejaye 26 August 2015, Sweetcrude, Lagos – Nigeria saw a highest ever peak in power generation at about 4,652 megawatts in July, according to Transmission Company of Nigeria, TCN.
Deputy Managing Director of TCN, Dr. Atiku Abubakar, revealed this during a facility inspection of some ongoing transmission projects and a training exercise of some auditors in Lagos.
“Nigeria has been able to generate the highest peak so ever in July which is about 4,652 megawatts and our transmission capacity is a little bit above that. TCN is capable of transmitting about 5,300 megawatts at the moment,” he said.
Dr. Atiku, who also spoke on the country’s plan to achieve 8,000 megawatts transmission capacity in two or three years from now, said TCN would required a minimum of N15 billion fund annually to meet the plan.
“TCN will required a minimum of about N15 billion per annum to achieve 8,000 megawatts, mw, within a period of two to three years,” Abubakar stated
He explained that the fund would be use to expand the country’s current transmission capacity of 5,300mw to 8,000mw, noting that this has become imperative following improved gas supply to power generating plants which has resulted in improved power generation.
He maintained that though has been able to generate the highest peak so ever in July, it is expected that asgeneration is improving, the transmission network would be upgraded to be able to evacuate all that is being generated.
“l can assured that we have our plans, projects that are very critical has been mapped out so that within the shortest possible time, we will be able to hits 8,000 megawatts transmission capacity,” he said.
Abubakar also hinted that about 30 firms willing to invest in the country’s transmission sector and capable to deliver projects effectively have been short-listed .
He explained that TCN is currently evaluating the investors’ technical and financial strength to ensure smooth delivery of projects and on time.