Power Outage: TCN Seeks Increased Funding, Payment Of Outstanding Gas Debt

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The managing director, Transmission Company of Nigeria (TCN) Abdulaziz Sule has urged the Senate Committee on Power to assist in raising funds for the completion of over 120 projects that would improve the transmission network in the country.

The TCN boss made this call when the committee visited the company on an oversight function yesterday in Abuja.

Sule, who urged the committee to also help in addressing the issue of right of way, also sought the committee’s intervention to increase budgetary allocation, saying that the N2 billion allocation from the 2024 budget is not enough for its operations.
According to him, vandalization is a huge challenge hampering the projects in the North East and South East.

He revealed that the company is collaborating with a Chinese firm to build a super grid.
He added there is a need for funding for new substations.”
In her presentation, Independent System Operator (ISO) Executive Director, Engr. Nafisat Ali revealed that gas has become a…



Source: Leadership Newspaper