How Fashola left without setting template for 10,000MW transmission capacity
At the onset of the just ended first tenure of President Muhammadu Buhari in 2015, the administration came with humongous assurance that it is setting up a template that will between 2016 and 2019, deliver template that will add 10,000MW…
Unlike Gencos, TCN most vulnerable in funding access—MD
Contrary to general belief that the Transmission Company of Nigeria (TCN) is swimming in funds, the Managing Director, Usman-Gur Mohammed, has revealed that the company is only surviving and relying on grants and loans from multilateral donors to expand its…
FG issues regulatory guidelines to licensed meter asset providers’ for early deliveries
Apart from setting aside, a whooping N30bn to implement comprehensive metering nationwide, federal government has issued a regulatory framework to licence meter asset providers (MAPs) to fast track product deliveries. Minister of Power, Works and Housing Babatunde Fashola, while announcing…
Why STOAN waived N1.5bn on 500 containers carrying power equipment
More details have emerged on why the leadership of Seaport Terminal Operators Association of Nigeria (STOAN) yesterday, announced duty Waiver valued at about N1.5bn on stranded Transmission Company of Nigeria (TCN) containers. It would be recalled that the containers had…
Outdated, inadequate facilities bane of evacuating power to national grid
Fresh answers have emerged on why over 50 per cent of power so generated by Gencos are not effectively evacuated by the Transmission Company of Nigeria (TCN) to Distribution Companies (Discos), thus causing hiccups in the supply of electricity across…
