Transmission Company of Nigeria, TCN, it needs about N15 billion to achieve 8,000 megawatts by 2016.
The Deputy Managing Director, TCN, Dr Atiku Abubakar, disclosed this yesterday during a facility inspection to some of the ongoing projects and a training exercise of some auditors in Lagos.
Abubakar said that the improvement witnessed in the country power generation was occasioned by improved gas supply to generating stations.
He explained that the highest peak which is about 4,652 megawatts in July can be improved to a capacity of transmitting of about 5,300 megawatts at the moment.
According to him, “But as generation is improving we are expected to expand transmission capacity to be able to evacuate all that is been generated in the stations to distribution to use.
“l can assured that we have our plans, projects that are very critical which has been mapped out so that within the shortest possible time will be able to hits 8,000 megawatts transmission capacity by end of 2016.’’
He said that that there are factor affecting TCN which has hindered the transmission of more than 5,000 megawatts to customers.
He said that energy generated have to be transmitted and utilised before distribution adding that the company was able to transmit what the distribution companies can take from what the TCN wheeled as a maximum energy demand at a given time.
He blamed funding for the challenges facing the company as a lot of projects were in the pipelines which needed to be funded and with the present situation there is need for additional funding.
He said over 130 ongoing projects from 2002 had been stalled due to lack of funding with about 30 of them identified as critical.
He said that currently, the company is trying to revive some of the projects to achieve the country’s dream on effective and uninterrupted power supply in the years to come.
“We are making all effort to ensure that fund is raise outside the appropriation of government; we have investors who are ready to come into the country to invest in our schemes.
“It’s still at early stage but as soon as we concluded, we would have investors who are willing to invest their fund to develop the transmission projects.
“We also expects more funding from government to be able to achieve the mandate set for ourselves on improving on the transmission capacity.
He however said that the company had secured the released of some of the abandoned containers with Customs Service which had been taken to some of the bounded warehouses before it was disbursed to respective projects site in Lagos.

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