The Nigerian Federal Government has approved funding worth NGN8.64 billion, as part of the counterpart funding for the first phase of the Presidential Power Initiative (PPI), also known as the Siemens Project.
Read MoreNigeria’s Federal Government (FG) is considering the decentralisation of the transmission system operator (TSO) Transmission Company of Nigeria (TCN), so that it could be concessioned to private sector operators.
Read MoreNigeria has begun the process to access a loan of USD500 million from the African Development Bank (AfDB) to upgrade the country’s weak electricity transmission network.
Read MoreThe USD23 million contract for the management of electricity grid development company Transmission Company of Nigeria (TCN) that was awarded to Canada’s Manitoba Hydro, has not been revoked.
Read MoreThe USD23 million three-year contract that was awarded to Canadian Manitoba Hydro for the management of Transmission Company of Nigeria (TCN) has been cancelled by the Nigerian government as the selection process followed by the Bureau of Public Enterprises (BPE) was flawed.
Read MoreThe Nigerian federal government has announced plans to open the country’s electricity transmission sector to private companies in a bid to increase access to electricity.
Read MoreThe Nigerian Bureau of Public Enterprises (BPE) has requested Canadian Manitoba Hydro and Indian transmission system operator (TSO) Power Grid Corporation of India Limited (PGCIL) to submit bids for the sale and management of the Transmission Company of Nigeria (TCN).
Read MoreIndia’s PGCIL will submit a revised proposal for the contract to manage Nigeria’s power grid.
Read MoreIndian PGCIL has submitted the lowest bid for management of Nigeria’s electricity grid.
Read MoreIndia’s PGCIL plans to sign Memoranda of Understandings (MoUs) with the governments of Kenya, Nigeria and Myanmar for the development of their transmission network.
Read MoreNigeria’s Bureau of Public Enterprises (BPE), the company responsible for implementation of the Nigerian policy on privatisation and commercialisation, has turn downed electricity workers’ demands for allowing Power Holding Company of Nigeria (PHCN) to co-exist and compete with private companies once its monopoly is broken.
Read MoreThe Director General of the Bureau of Public Enterprises (BPE), company responsible for implementation of the Nigerian policy on privatisation and commercialisation, has proposed a five-year management contract for the Transmission Company of Nigeria (TCN), one of the 18 companies created from the state-owned Power Holding Company of Nigeria (PHCN).
Read MoreIndian PGCIL, Canada’s Manitoba Hydro, and Electricity Supply Board (ESB) of Ireland, the three power companies which were shortlisted to manage Nigeria’s power grid, have been asked to re-submit their bids for fresh evaluation.
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