World Bank Grants TCN N5.9bn Loan to Study Nigeria’s Electricity Demand
Chineme Okafor in Abuja The Transmission Company of Nigeria (TCN) on Wednesday said it has secured a $30 million (about N5.977 billion) grant from the World Bank to study the nature of electricity load demand and energy mix in Nigeria. TCN’s Deputy Managing Director, Mohammed Atiku, said at the fifth Nigerian International Power Expo and Conference that the country’s power sector lacked reliable data to plan from, hence the funding support from the bank. Organised by BKG Exhibition Limited in conjunction with the Ministry of Power in Abuja, the event brought together key actors in the sector, with the aim of improving on the existing policies and achievements in the privatised sector. Atiku who explained that electricity demand and supply are two critical elements that must be studied and quantified to help operators make appropriating plans, said: “Demand and supply are two critical elements in the power sector which has to be understood, to be identif...