The Federal Government says it has committed $800 million to the construction of substations and the extension of distribution lines under the Presidential Power Initiative (PPI).
The strategic investment, it noted, would address critical challenges within the nation’s electricity grid, ensuring more reliable and efficient power delivery across the country.
This comes as the Transmission Company of Nigeria (TCN), said it has capacity to transmit 6,000 MWS of electricity to distribution load centres nationwide.
Sule Abdulaziz, the Managing Director of TCN said this in an interview with the News Agency of Nigeria (NAN) in Abuja on Sunday. The TCN boss said that the company had installed new transformers to ensure increase in capacity.
However, during a recent facility tour of TBEA Southern Power Transmission and Distribution Industry in Beijing, China, Minister of Power, Adebayo Adelabu, announced the details of the investment.
According to him, the $800 million will be divided equally between two major projects: Lot 2, which focuses on building substations for the franchise areas of Benin, Port Harcourt, and Enugu distribution companies, and Lot 3, which will develop both substations and distribution lines for the franchise areas of Abuja, Kaduna, Jos, and Kano distribution companies.
