Economy

TCN says 5,420 MW power was transmitted as at August,2020

The Transmission Company of Nigeria (TCN) has disclosed that a total of 5,420.30 megawatts of power was transmitted through the national grid as of August 19, 2020, even as the Federal Government engages Siemens to upgrade power stations and transmission lines.

In a press statement released by the TCN, it revealed that the figure is the highest ever recorded in the nation’s power sector, surpassing the 5,377.80 megawatts peak reached on August 1.

The TCN attributed the newest feat to the keen interest of the federal government and the several programmes and projects aimed at growing the power sector.

The power firm maintained that it is working to stabilise, rehabilitate and expand the country’s grid, while urging Nigerians to support the efforts of the government by ensuring that electricity installations nationwide are secure.

Meanwhile, the power deal between the Federal Government, its German counterpart, and Siemens AG, will see to the upgrading of 105 power substations, the construction of 70 new ones, the manufacture of 3,765 new power transformers.

The deal under the Presidential Power Initiative has been endorsed by the Federal Executive Council and will see to the upgrade from the current transmission to 7,000mw, 11,000mw and 25,000mw before 2023, with another scale-up tp 25,000mw.

About the author

Joseph Chukwuma Oputa

Joseph Chukwuma Oputa is the Managing Editor of Maslow Businessnews and Physicians News publications published by Maslow Business News Publications, Lagos, Nigeria.

Joseph Oputa is a proud Alumnus of the prestigious Nigerian Institute of Journalism, Lagos and Federal Polytechnic, Bida, Niger State.

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