ABUJA — The Federal Government has entered into agreements with two French companies for the expansion of Nigeria’s transmission network, valued at about $200 million or N33.14 billion.

Under the agreements, which is said to have the blessing of the French Government, the companies will first undertake the feasibility studies for the transmission upgrade, and thereafter, select and construct a high voltage transmission line and substations.

The Memorandum of Understanding, MoU, for the kick off of the project was signed, yesterday, between the Ministry of Power and two French companies in Abuja.

Minister of Power, Prof. Barth Nnaji and Chief Executive Officer, CEO, Transmission Company of Nigeria, TCN, Mr. Sola Akinniranye, signed on behalf of Nigeria while Mr. Jean Paul Mairesse of the Electricite de France, EDF, and Mr. Jean Philippe Trin of the Enterprise de Transporte et Distribution D’electricity, ETDE, signed on behalf of their companies respectively.

EDF and ETDF will source the funds from their home government to execute specific feasibility studies as well as select a specific project that will help expand the transmission grid.

Transmission glitches have remained the biggest challenge in Nigeria’s power delivery system, as the existing 330 and 132 kv network continues to suffer from prolonged and frequent outages, thus underscoring the need for fortification.

In a statement made available to Vanguard by the ministry, “the MoU has been in the works since 2008, when both countries executed a protocol for the development of electrification networks in Nigeria, followed by a series of meetings to determine areas of need for the expansion of Nigeria’s transmission grid infrastructure.”

Talks on the project were said to have been concluded on November 28, 2011, with the parties agreeing to “execute a partnership agreement for the development of specific power projects in Nigeria.”

Nnaji was quoted as saying that the parties shall jointly identify and agree on a specific transmission project within the range of $100 million to $200 million, evaluate the feasibility for the project, and thereafter, select a project for implementation.

“Funds for execution of the projects— the construction of high voltage transmission line and substations that would be undertaken by the contractors— are to come from the French government in the form of a grant,” the statement added.

In line with government’s local content policy, the French companies are to partner with a Nigerian company, Transnational Energy and Power Systems Ltd, TEPS, for the execution of the project.

The CEO of TEPS, Prince Albert Awofisayo, was quoted as commending the President Goodluck Jonathan administration’s commitment to transform the power sector.

“This is a sign of investors growing confidence on the power sector reform. We believe that the Jonathan administration is on the threshold of providing Nigerians with the true dividends of democracy and democratic leadership,” he said.


http://www.vanguardngr.com/2012/05/nigeria-france-sign-n3-14b-mou-on-power-transmission/?utm_source=&utm_medium=twitter

MOUs they've been signing since d days of obj-yet no light.sick country

Could this be the savior

Jeel: Could this be the savior

Don't really know but it will surely be of help because we are presently generating more than our transmission capacity so this investment is in the right order to me.

^^^ No it wont.

The FG is so skilled, and undoubtedly the best in the world in signing MOU's.

This wont fly unfortunately and painfully, time would confirm

^^

Well everything depends on the outcome of the feasibility studies and the new power minister seems to be working positively for a change in the power sector. We cannot afford anymore to joke with it as we have come to realize its importance and you can see states putting their arms into this sector as well. We just need to give them the benefit of doubt this time around and am sure this french companies ( EU ) is seriously trying to invest in our power sector.

I remembered they signed MoU with the Chinese, they have signed with General Electric (USA) now they are signing with France. Yet power supply continue to decline. Maybe they need to sign MoU with the whole world

omosexy1: I remembered they signed MoU with the Chinese, they have signed with General Electric (USA) now they are signing with France. Yet power supply continue to decline. Maybe they need to sign MoU with the whole world

Bwahahahahaha

How many MoU(s) have they signed in the last couple of years?

same old story.


na today?

very soon they will sign with boko haram,shameless fraudsters.our leaders lacks culture of shame,they are all shameless.a western leader would rather commit suicide than to watch his country live without power supply

lol you're gonna break ribcage with this your upper cut......

emiye: ^^^ No it wont.

The FG is so skilled, and undoubtedly the best in the world in signing MOU's.

This wont fly unfortunately and painfully, time would confirm

why are you guys scared of this simple MOU and it is cheap too $3+billion remember the Chinese MOU was $16+billion without a single light-bulb wattage produced.

please GEJ carry on jooor!

They sign MOU today, award contract tomorrow, set up committee the day after, when will they ever complete anything.

TRANSMISSION MOU IS DIFFERENT POWER GENERATING MOU, MORONS

Bontee: ABUJA — The Federal Government has entered into agreements with two French companies for the expansion of Nigeria’s transmission network, valued at about $200 million or N3.14 billion.

How can $200 million be = N3.14 billion?

All these MOUs are being signed left, right and centre, since the time of OBJ with huge cost running into billions of dollars yet nothing to show for it.

I doubt if people still fall for this kind of report anymore.

Useless people with no shame.

How many MOUs dem go sign before i see electricity

Since when I was a kid Nigeria have been signing one MOU or the other yet nothing significant has happen..
I don tire for them and these govt officials are never tired.. when will the ink of their biro finnish

"...... valued at about $200 million or N3.14 billion......."

^^^I know my math isn't what it used to be, but is the above conversion right ?

Very good move by the government, very soon we will begin to reap the benefits.

Johndoe100: Very good move by the government, very soon we will begin to reap the benefits.

omosexy1: I remembered they signed MoU with the Chinese, they have signed with General Electric (USA) now they are signing with France. Yet power supply continue to decline. Maybe they need to sign MoU with the whole world

lmao or they should sign MOU with the devil... As long as its guna give us 24/7 power who cares

LeoMax: TRANSMISSION MOU IS DIFFERENT POWER GENERATING MOU, MORONS

Ohh waow - that means we bought a brand new car without tires and now we need to buy the tires - hope we get good ones too

LeoMax: TRANSMISSION MOU IS DIFFERENT POWER GENERATING MOU, MORONS

lol they are very few people that would understand that!! but then again they these gov people have lost the trust issue

PROUD-IGBO:
"...... valued at about $200 million or N3.14 billion......."

^^^I know my math isn't what it used to be, but is the above conversion right ?

It is updated now but that's how it was in the website from the source though.

miky:

lol they are very few people that would understand that!! but then again they these gov people have lost the trust issue

simplified version of what people understand

@topic,

Let's see, what can $200 million buy you? With installed cost for a 345kV transmission line running up to $1.5 million per mile, this investment will do very little to solve our problem. Perhaps, it can help on a reginal capacity, but it pales in comparison to what is needed to turn around the failing power sector for good.