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TRANSMISSION COMPANY OF NIGERIA (TCN)
Discos in the power sector have mapped out plans to invest N935bn in their networks within five years as calls for their recapitalisation heightens.
The Nigerian Senate has advised the Federal Government (FG) of Nigeria to sanction the sale of its 40% stake in Electricity Distribution Companies (DisCos) to foreign investors.
The Association of Nigerian Electricity Distributors has said that the recapitalisation of Discos will not work unless its investors see possible returns on their investments.
The Federal Government (FG) of Nigeria in partnership with other private investors are set to jointly raise $4.7 billion aimed at recapitalizing the electricity distribution companies (DisCos) and upgrade power distribution equipment in the country.
The Transmission Company of Nigeria (TCN), has declared war on the Trade Union Congress (TUC), pledging to fight against the Union's intention to disrupt power transmission with protests.
Despite huge investments to the tune of $1.6bn invested, Nigeria's national power grid still suffers incessant system collapse. This situation is exposing millions of Nigerians to economic difficulties.
The Transmission Company of Nigeria (TCN) may hike tariff in efforts to raise enough capital in order to offset its debts.