$1.57B raised to boost Nigeria’s transmission network

Nigeria: In bids to expand Nigeria’s electricity grid to 20,000 MW over the next four years, the World Bank, African Development Bank (AfDB), Japan International Cooperation Agency (JICA) and the French Development Agency have raised $1.57 billion for the Transmission Company of Nigeria (TCN).

Managing Director of the TCN, Usman Mohammed, said the funds were raised for the company to implement its Transmission Rehabilitation and Expansion Programme (TREP), which was initiated and approved by the federal government for the TCN to steadily grow, stabilise and modernise Nigeria’s transmission network so it can take more electricity from generation companies to distribution networks, reports ESI-Africa

“The objective of the TREP also is to expand the grid to about 20,000 MW in the next three to four years, this being done through the implementation of the TREP,” Mohammed said.

Source: ESI-Africa