According to the Transmission Company of Nigeria, the federal government, needs to invest N15bn annually for the next three years, to generate 8,000MW(megawatts) of electricity in the country.
The acting managing director of the company, Dr. Atiku Abubakar, in an interview with newsmen, stated that the federal government will need a total of N45bn to execute this project.
Abubakar said, “The country will need to invest N15bn within two to three years to achieve 8,000MW. We have shortlisted them and now we
are building the framework for repaying the investors.”
Abubakar, also noted that the company, has identified 130 stalled projects, and amongst the 130, the company, has identified 30, that are very critical.
He said the company, is talking to government and other sources, in other to raise funds for the execution of the project.
Abubakar, who said that 8,000MW, is the expected transmission capacity within the short - run, also added that the privatisation of the TCN was likely going to be in the long term as
discussions on this was not on the table for now.
He had also said, “We are making all efforts to ensure that funds are raised outside the appropriation of government; we have investors who are ready to come into the country to invest in our schemes.”
Wow, this is fascinating reading. I am glad I found this and got to read it. Great job on this content. I liked it a lot. Thanks for the great and unique info. News in short
ReplyDeleteKeep up the good work , I read few posts on this web site and I conceive that your blog is very interesting and has sets of fantastic information. Pear Diamond suppliers
ReplyDeleteStrategicsurvival is an online outdoor tactical accessories store, which offers premium quality products at your door step.
ReplyDeletejewelsentials is an online jewelry store, which offers a huge variety of silver jewelry at your door step.
ReplyDeleteStracys Store is an online jewelry store, which offers a huge variety of Women's jewelry At your door step.
ReplyDeleteAmong all the jewelry in the world, none can quite compare to luxury rings for women. Luxury rings are an excellent choice of jewelry to wear every day if you’re looking to add a touch of style and pizzazz to your wardrobe. Our online store is providing all types of women's jewelry like rings, necklace, charm bracelets, silver bracelets, sterling silver bracelets, Gold cross necklace.
Dubai is one of the most exciting, fast-paced cities in the world. If you're thinking about Pickup rental Dubai or just want to learn more about what makes it tick, read on for some tips and tricks for getting around and staying safe while visiting.
ReplyDeleteDiscover affordable furniture at Imperial Furnishings that suits your style and budget.
ReplyDelete