Federal Government to Open TCN in Two Distinct Entities

12/12/2023 4

The Federal Government has disclosed that the Transmission Company of Nigeria, TCN, would be unbundled into two distinct entities.

Speaking in Abuja on Monday at the opening of a Ministerial Retreat organized by the Federal Ministry of Power, the Minister of Power, Adebayo Adelabu said TCN would be restructured to become the Independent System Operator, ISO and the Transmission Service Provider, TSP.

The Federal Government has disclosed that as part of the overall reform of the sector, the Transmission Company of Nigeria, TCN, would be unbundled into two distinct entities, after the power grid collapsed for the second time this year.

The government admitted that TCN, which is responsible for managing the national power grid as well as delivering bulk electricity to distribution companies and eligible customers, has been identified as the weakest segment in the Nigerian Electricity Supply Industry, NESI.

Written by: Helen Obih

Rate it

Sports News

Osimhen Discloses Dream

Super Eagles and Napoli forward, Victor Osimhen, says becoming a treasure in Africa and World football was a wild dream. Osimhen disclosed this in a post on his X account on Tuesday, while reflecting on his journey after he was crowned the 2023 CAF African Player of the Year. He bagged the award ahead of Liverpool and Egypt forward Mo’ Salah and PSG and Morocco forward Achraf Hakimi, becoming the […]

12/12/2023 5