Nigeria secures total of $576M for transmission grid expansion
The Transmission Company of Nigeria (TCN) has managed to secure a funding of $406 million from the World Bank for the transmission expansion projects across the country, as well as further $170 million from the African Development Bank (AFDB) for five new transmission projects in the capital.
The $406 million will be used for rehabilitation and expansion of existing projects in order to strengthen the existing substations and expand the capacity of Geregu in Niger state, Port Harcourt, Umuahia, Kumbotso, Gombe and across the country, according to the company’s interim managing director, Usman Gur Mohammed, reports Nigerian Tribune.
The sum of $170 million will be used for five new transmission projects in the Federal Capital Territory, which involves the construction of five new substations, with power transformers and associated electrical equipment, in Abuja.
Currently, Abuja has two 330 kV substations and five 150 kV substations. Two new 330 kV substations will be built in Lugbe and at Apo as well as three new 150 kV substations in Gwarinpa, Lokogoma and Kuje.
Source: Nigerian Tribune