TCN Begs NASS for More Funds to Complete Ongoing Projects
The Transmission Company of Nigeria (TCN), has appealed to the National Assembly (NASS) for more funding to enable it to complete ongoing projects.
The Managing Director of TCN, Mr Sule Abdulaziz, requested on Monday when the Senate Committee on Power, led by its Chairman, Sen. Eyinnaya Abaribe, paid an oversight visit to the company in Abuja.
Abdulaziz stated that TCN had over 100 ongoing projects, adding that when completed, the national grid would be completed.
According to him, some of the projects were started in 2001 with the problem of funding stalling their completion.
”TCN is focusing on grid expansion because of the increasing electricity demand; it does this through rehabilitation and reinforcement projects. ”Currently, TCN has more than 100 ongoing projects nationwide.
”Most of the projects cannot be completed due to fund constraints and we appeal to the committee to help TCN source funds to complete them,” he said.
The managing director also emphasised that there were other challenges like Right of Way issues and vandalism of transmission and installations
Responding Abaribe, said that despite the huge sums of money injected into the power sector, there were still a lot of challenges.
He, however, assured TCN that the committee would report to the Senate as requested by the TCN management, and examine the possibility of reviewing its annual budget for improved service delivery. Naira Suffers Big, CBN Goes Ballistic Against FX Whales
