The Transmission Company of Nigeria (TCN) has disclosed that transmission projects valued at over $1.3 billion and funded by multilateral development partners are currently ongoing across the country, as part of efforts to expand grid capacity and strengthen power delivery nationwide.
The projects, being implemented under different Project Management Units (PMUs), are supported through loans and grants backed by the Federal Government of Nigeria and are targeted at improving transmission wheeling capacity, reinforcing weak corridors and modernising critical infrastructure.
In a document made available to journalists in Abuja yesterday, the TCN stated that transmission projects are capital intensive and require dependable sources of funding for timely completion.
To bridge financing gaps, TCN stated that it relies partly on multilateral agencies, with four dedicated Project Implementation Units (PIUs) currently supervising various donor-backed initiatives.
Under the World Bank PMU, the Nigeria Electricity Transmission Project , it said, is valued at $486 million and focuses on strengthening critical transmission lines and substations nationwide.
