The Transmission Company of Nigeria (TCN) has shortlisted over 30 local and foreign investors for investment in the transmission infrastructure to enable it attain its target of 8,000 megawatts (Mw) capacity by end of next year.
The firm has set a target to achieve the capacity to transmit 8,000Mw of power by the end of next year considering the continued improvement in power supply.
According to its Managing Director, Dr. Abubakar Rasheed Tambuwal, the TCN wheels out 4662Mw and has capacity for 5300Mw.Although the company can transmit 4662Mw and has capacity to wheel out more, it has to prepare for more power generation and shouldn’t wait for the government before taking steps to achieve that. This is why management seeks private sector investment.
To achieve 8,000Mw transmission capacity, TCN needs an investment of about N15 billion yearly over the next three years, he added.
He further stated: “We have never transmitted more than 5000Mw to the customers due to many factors. When you generate, you transmit and utilise in the distribution, the distribution arm has to be ready to receive the quantum of power that has been generated. But I must tell you that transmission is capable of wheeling out 5,300Mw from generation down to distribution. It is only what the distribution companies can collectively take that is what is wheeled as the maximum energy at any given time.”