OpeOluwani Akintayo
Lagos — The Nigeria government is set to meet a 20,000 megawatts power generation target by 2020, setting aside some $1.61 billion to ensure generation towards a stable power supply in the country.
The Managing Director, Transmission Company of Nigeria, TCN, Alhaji Usman Gur on Sunday, said the project execution will be carried out under the Transmission Rehabilitation Expansion Programme.
Gur who doubles as the Chief Executive Officer of the TCN said rehabilitation to accommodate the anticipated increase in generation is already ongoing.
“We are rehabilitating and expanding to 20, 000 Megwatts by 2022 across the country,” he said.
He noted that, the federal government has already earmarked about N32 billion to compensate Nigerians whose lands, houses and farms could be affected by the Righ-Of-Way to create Power Lines for the execution of the project.
“The total amount that we are going to pay for compensation across the country is about N32 billion. And the total project cost is 1.61 billion dollars”.
Also Read: South Africa approves $4 bln bailout for debt-laden Eskom
The project will be supported by various international donors.
