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US $1.57Bn DONATED TO NIGERIA TO STRENGTHEN IT’s POWER SECTOR.
Nigeria’s quest to improve power supply will receive US $1.57 bn.
The donors include World Bank, African Development Bank AfDB, Japan International Cooperation Agency (JICA) and French Development Agency.
The fund is for the Transmission, Rehabilitation and Expansion Program (TREP). Also TREP of the Transmission Company of Nigeria TCN for an initial 20,000 MW in the next four years.
The program is approved by the federal government. TREP will help for the steadily growth, stability and modernization of Nigeria’s transmission network. Hence, making room for more electricity from generation companies, to distribution networks.
After a one year research, a report for 20-year least-cost transmission plan, present a generation adequacy. This report is one of the requirement for the function of system operation.
Nigeria’s current electricity situation continues to be problematic, with the highest generation put at about 4,000MW, far below the national need. According to the National Bureau of Statistics, the inability of Nigeria to meet the electricity requirement has adversely affected industrial growth and also caused the closure and relocation of many companies.
TCN will host a workshop to review the plan to procure and install new supervisory control and data acquisition (SCADA) and electricity management system (EMS) for the national grid.Mr Mohammed further disclosed that TCN had set aside a US $65 m to procure the brand new SCADA and EMS, adding that the facility would help it manage the grid efficiently.