Financial Energy Review
The Managing Director/CEO of Transmission Company of Nigeria,Engr. Sule Abdulaziz,has promised to support Lagos as it prepares to take up regulatory responsibilities under the new electricity act.
He disclosed this when hosted a delegation from the Lagos State government at its corporate headquarters in Abuja on Tuesday,a statement by Ndidi Mbah, TCN’s General Manager Public Affairs,said.
Welcoming the delegation,led by Biodun Ogunleye, Commissioner for Energy and Mineral Resources,Abdulaziz highlighted TCN’s completed and ongoing projects in Lagos, including the ongoing 300MVA, 330/132kV power transformer, 2 x 60MVA 132/33kV at Lekki substation, 300mva 330/132kV power transformer at Alagbon, 100MVA 132/33kV commissioned power transformer at Alausa, Alagbon, ijora substations as well as 2x 60 MVA, 132/33kv at Apapa road substation.
According to him, Lagos is a critical market, and efforts will continue to be be geared towards improving infrastructure for enhanced power supply.
He emphasized the agency’s openness to collaboration with states and stakeholders to improve bulk power supply,adding that the Market Operator is working to create a conducive electricity market between TCN and state governments.
In his remarks,the Commissioner,Mr. Abiodun Ogunleye explained that the visit aimed to seek TCN’s support and collaboration as Lagos enters a new phase in the electricity market.
He said: “the bill to create the Lagos State Electricity Commission has been passed and awaits the Governor’s assent. So, in preparation for the full implementation, we’re here to discuss areas of collaboration, learn from TCN, and understand its constraints to develop our strategic plan.”
He added that Lagos contributes significantly to TCN’s revenue, stating, “We’re an affiliated state with 1% of Nigeria’s landmass but 30% of the population. We contribute about 50% in terms of consumption and revenue to TCN and will take over regulatory responsibility of 60% of TCN markets”.
