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TCN Gets $245m for Transmission Grid Expansion

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  • TCN Gets $245m for Transmission Grid Expansion

France, through its development agency – the French Development Agency (AFD), has approved for the Transmission Company of Nigeria (TCN), a total of $245 million financial package to undertake its expansion of Nigeria’s electricity grid at the northern ends of the country.

A statement from TCN’s General Manager, Public Affairs, Mrs. Ndidi Mbah, explained that the board of AFD approved the $245 million on December 20, 2018.

Mbah, stated that the funding would enable TCN undertake the Northern Corridor Project under its Transmission Rehabilitation and Expansion Program (TREP).

She noted that apart from the AFD’s $245 million financial package for the project, the European Union (EU) had earlier approved a grant of €25 million for the project.

According to her, the approval of the Northern Corridor Project by the board of AFD and European Union was a significant step towards establishing a modern electricity grid in Nigeria.

She noted that while the TREP sought to rehabilitate, stabilise and provide necessary transmission redundancy consistent with international standard in the form of N-1, as well as expand the national grid to take at least 20,000 megawatts (MW) of generated electricity soon, its implementation has attracted significant support from multilateral and bilateral donors such as the AFD; World Bank; African Development Bank (AfDB); and Japan International Cooperation Agency (JICA).

The Northern Corridor Project, she stated would form the backbone for the West African Power Pool (WAPP) north core which would connect Nigeria; Niger Republic; Benin Republic and Burkina Faso on 330 kilovolt (kV) Double Circuit (DC) transmission line.

“It is also expected to construct the Kainji-Birnin-Sokoto 330kV DC line, Katsina-Daura-Gwiwa-Jogana-Kura 330kV DC line and reconstruct one of the Shiroro-Kaduna 330kV Single Circuit transmission lines into 330kV quad line which will be the first of its kind in Nigeria.

“The project will construct 330/132/33kV substations in Sokoto, Daura and Jogana-Kano and 132/33kV substations at Birnin Gwari, Argungu and Lambata in Niger State and equally rehabilitate Jebba and Kainji switch yards to ensure adequate capacity to evacuate Mainstream’s expansion plans,” Mbah, explained.

Additionally, she said with the support of the Federal Ministry of Finance, the AFD was also assisting the TCN to construct the Sokoto-Kaura Namoda-Katsina 330kV DC line, which would lead to the closure of the 330kV loop and would cost $55 million.

She informed that the TCN has commenced preparation for the construction of the Sokoto-Kaura Namoda-Katsina line and 330/132/33kV substation project at Kaura Namoda.

“The project when completed will provide the necessary flexibility and redundancy as well as significantly improve bulk power supply to all the states in the Northwest and parts of the Northcentral states,” she added.

According to her, the AFD would be the first of TCN’s donor to support implementation of Greenfield transmission infrastructure in Nigeria. The project, Mba said would be implemented without delay.

She further explained that the implementation of the TREP was on track and that contracts for the construction of five transmission substations in Abuja and new Lafiya to Abuja 330kV transmission line also financed by AFD have all been signed.

The Northern corridor Project would enhance social economic development of the North-west by attracting investments in industries and commercial outfits to improve livelihoods in the regions.

Meanwhile, the TCN also disclosed that it has completed the installation and commissioning of a brand new 80 megavolts amp (MVA) capacity 132/33kV transmission substation in Daura and a new 60MVA-132/33kV power transformer in its Katsina substation.

It said the brand new Daura sub-station which comprise of two 40MVA power transformers with six 33kV feeders was built to resolve the power supply situation in Daura and environs.

Also, it noted that the new 60MVA power transformer with three 33kV feeders in its Katsina transmission substation has increased the stations transmission capacity from 120MVA to 180MVA, thus making it available for bulk electricity to be sent to the Kano electricity distribution company (Disco) for all its customers in Daura, Katsina and environs.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

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FG Reopens Osubi Airport Warri for Daylight Operations

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FG Reopens Osubi Airport Warri for Daylight Operations

The Federal Government on Monday said the Osubi Airport in Warri has been reopened for daylight operations.

The Minister of Aviation, Hadi Siriki, disclosed this in a tweet.

The airport was closed in February 2020 over mismanagement and debt allegation involving aviation service providers and airport management.

However, Oberuakpefe Afe, a lawmaker representing Okpe/Sapeie/vaie federal constituency, recently moved a motion for the Federal Government through the ministry of aviation and relevant authorities to reopen the airport for flight operations.

On Monday, Hadi Siriki said “I have just approved the reopening of Osubi Airport Warri, for daylight operations in VFR conditions, subject to all procedures, practices and protocols, including COVID-19, strictly being observed. There will not be need for local approvals henceforth.

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Nigerian Brand, JR Farms Acquires 11% Stake in Rwandan Firm

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Nigerian Brand, JR Farms Acquires 11% Stake in Rwandan Firm

JR Firms, an agribusiness firm with headquarters in Nigeria, has announced partnership with Sanit Wing Rwanda through the acquisition of 11 per cent stake in the company.

The CEO of the company, Mr Rotimi Olawale, explained in a statement that the partnership was in furtherance of its goals to ensure food security, create decent jobs and raise the next generation of agrarian leaders in Africa.

The stake was acquired through Green Agribusiness Fund, an initiative of JR Farms designed to invest in youth-led agribusinesses across Africa.

Sanit Wing Rwanda is an agro-processing company that processes avocado oil and cosmetics that are natural, quality, affordable, reliable and viable.

The vision of the company is to become the leading producers of best quality avocado and avocado by-products in Africa by creating value across the avocado value chain.

With focus on bringing together over 20,000 professional Avocado farmers on board and planting of three million avocado trees by 2025 through contract farming, the company currently works with One Acre Fund in supply of avocado to its processing facility.

The products of the company which include avocado oil, skin care (SANTAVO), hair cream and soap are being sold locally and exported to regional market in Kenya.

With the new partnership with JR Farms- the products of the company will enjoy more access to markets focusing on Africa and the European Union by leveraging on partnerships and trade windows available.

Aside funding, the partnership comes with project support in areas of market exposure, capacity building, exposure and other thematic support to grow the business over the next four years.

JR Farms has agribusiness operations in Nigeria, Rwanda, United States and Zambia respectively.

In Nigeria, the company deals in cassava value chain processing cassava to national staple “garri” which is consumed by over 80 million Nigerians on daily basis, while in Rwanda, it works in the coffee value chain with over 4,000 coffee farmers spread across the East Central African country.

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Shut Down Depots Selling Petrol Above Approved Price – Marketers

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Shut Down Depots Selling Petrol Above Approved Price – Marketers

The Federal Government should close down depots that are selling petrol above the approved price, oil marketers said on Thursday.

National President, Independent Petroleum Marketers Association of Nigeria, Sanusi Fari, said the sale of petrol above government approved price by depot owners would soon lead to a hike in the commodity’s pump price.

Fari told journalists in Abuja that the government through its agencies such as the Department of State Services and the Department of Petroleum Resources should curb the development to avoid crisis in the downstream oil sector.

He said some private depot owners were selling at N165 per litre to independent marketers, way above the government stipulated price of N148 per litre.

Fari said, “Our challenge is the inconsistency in the pricing of petrol. Up till a week ago, government was still insisting that the February price for petrol remained unchanged.

“And most of the private depot owners are selling above the government stipulated price. As at today ( February 25, 2021) private depot owners are selling at N165 per litre to independent marketers.”

He added, “In the last six years, only NNPC imports refined products into this country and these tank farms buy their products from NNPC under a controlled price.

“This has affected our businesses seriously because government is insisting that we sell at the rate of N165, which is not going to work.”

The IPMAN president said filling station owners buy the product at N165 per litre from the private depots and incur other expenses such as transportation, rent, etc.

“So government cannot expect us to sell less than what we buy,” he said.

Fari added, “This is why we are calling on government and agencies that are saddled with the responsibility to control petrol pricing to urgently clamp down on depots that are selling above the stipulated price.”

The Nigerian National Petroleum Corporation, the country’s sole importer of patrol, recently stated that it never hiked the cost of petrol to depots.

It also enjoined the depot owners to sell the product at the approved rate and called on the DPR to enforce the stipulated price across the depots.

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