Browsing: Transmission Company of Nigeria

He explained that the Transmission Rehabilitation and Expansion Programme (TREP) which sought to decentralise significant aspects of project implementation to regions was designed to further increase the national peak transmission capacity.

He said, “The House is concerned that there was negotiation between TCN and the World Bank of the sum of $468 million IDA for the proposed Nigeria Electricity Transmission Project (NETAP). The project scheduled for August 29 had been postponed due to changes made to the staffing of the Project Management Unit (PMU) for World Bank-assisted projects in the TCN.”

“The first project is signed by the World Bank and this is the biggest project Power Holding Company of Nigeria (PHCN) and TCN has ever attracted in the history of Nigeria. We have never attracted more than $200 million. Now this $406million project is targeting brownfield projects.”

“You can see that debt is almost paid. That and all the regulations being put in place as highlighted by the Nigeria Electricity Regulation Commission are part of government’s commitment to its Power Sector Recovery Programme,” he noted.