₦airaland Forum

The Transmission Company of Nigeria (TCN), says that the federal government has approved N600billion for electricity market to boost power supply.

Edmund Ejie, the Market Operator of TCN said this on Wednesday in Abuja, at the 3rd quarter Participants and Stakeholders Interactive forum for 2019.

The forum has as its theme: “Rules Compliance for Nigerian Electricity Market (NEM) Development and Sustainability’’.

Mr Ejie said the intervention by the federal government was at a very advanced level, adding that it had already been signed by President Muhammadu Buhari.

According to him, the intervention is for the payment of the shortfall in electricity invoices for the entire market.


“The whopping sum of money has never been injected into the power sector before but even when it is privatised, the government is spending more telling you that the privatisation is given a red flag.

“The fund will be ready for disbursement any moment from now.’’

He explained that the intervention was not restricted to a single chain in the market, as it was holistic.


Usman Mohammed, the Managing Director of TCN said that one of the factors that would make the Nigerian Electricity Market Participants thrive was by complying with rules, codes and orders.


Mr Usman said that there was a need for the operators to be proactive in recognising that regulatory and standard compliance was the key to market development.


“The theme of the event reflects the growing recognition, concern and importance of regulatory compliance and ruling documents implementation.


“Today’s interactive forum is part of the Market Operator effort to support you and improve the market performance,’’ he said.


He said that the forum was to access the market performance, changes and their impact on the market participants’ readiness and challenges, predict what lies ahead and to determine compliance to rules or lack of it.


Mr Mohammed said that TCN had commenced the provision of Automatic Meter Reading (AMR) in all trading modes in the country provision.


He said that TCN also plans to establish a lasting Supervisory Control and Data Acquisition (SCADA) equipment and facilitating the operational audit of both the System and Market Operator. (NAN)



https://www.google.com/amp/s/www.premiumtimesng.com/news/more-news/347926-fg-to-inject-n600bn-in-electricity-market-tcn.html/amp/


Cc

Lalasticlala

Mynd44

Electricity: The Federal Government, Wednesday, disclosed that it was building power transmission line to link up some countries in the West African sub-region.


Speaking in Abuja at the 2019 participants/key stakeholders interactive forum organised by the Market Operator, the Managing Director of Transmission Company of Nigeria, TCN, Mr. Mohammed Gur Usman, stated that the project will take a 330KV electricity transmission line right from Nigeria up to Senegal.

He said, “In the whole of West Africa we are the only one that has the experience of 330KV but now 330 KV will run from Nigeria unto Senegal.

“Let me be precise, we are going to have a 330KV that will run from Shiroro to, to Parakou, Parakou to Northern Togo, Northern Ghana to Cote deviore.

“Another one will come from Northern Ghana to Senegal to Guinea-Bissau, to Mali to Burkina Faso and it will join Ghana. This is the study that we have launched.”

To this ends, Usman charged the major stakeholders in the Nigerian Electricity Supply Industry, NESI, especially, the Market Operator, MO, to be ready to assume the task of regional player in the sector.

He said, “As the Chairman of West Africa Pool, WAP, I made the WAP to draft, the directives which was approved on the 22nd of May and 22nd of December, 2018.

“That is the written of ECOWAS Head of State and Government of 22nf of December 2018. They approved that three directives and what are those directives that we forwarded to ECOWAS for approval are:

“First, All utilities in West Africa must have their revenue requirement. The second directive is that countries that elect not to give the requirement, they should budget for it in a transparent manner.


“This means that if the utilities do not have their course reflective tariff then the countries should budget for it in a transparent manner that is they should provide for it in their national budget.

“We did not stop there, we said that all utilities in west Africa should conduct themselves in such a way that they should do their procurement in a transparent manner- meaning they should adapt competitive procurement of their services and their goods because if we have the budget and we have the money and we apply it in an inefficient manner, it means that cost of energy will soon go up.

“In reality, if it is truly a market is driven by rules and regulation and people have to comply with the rules and there has to be sanction for performance and there has to be a reward of non-performance and a reward for extraordinary performance.

“If a market is existing in such a way that everybody does not performance and can get away with it, there is no way that that market can grow or perform.”

According to him, “TCN may probably cease to exist very soon and then you will have TSP and ISO, ISO will be the one that will be operating the market operator under ISO and everything that I have to do for that transition to take place, I have been doing it daily. Every day I have been doing those things that would lead to those organizations to separate.

“Because we have not applied the market position in our market tenders, in solar, you cannot say that Nigeria has comparative advantage but, in terms of normal generation that would be done by gas and hydro.

“Nigeria still has comparative advantage across West Africa. Which means there is a demand for electricity from here to the rest of West Africa? What we are doing is to enable that happen. To enable that happen, we are going to build a transition line across West Africa so that we can export energy from here to the rest of Africa.

“I am happy to tell you that the design consultancy and the environmental study for the medium backbone were launched



https://www.google.com/amp/s/www.vanguardngr.com/2019/08/fg-to-extend-electricity-line-to-senegal-ghana-others/amp/

martowskin1:
When I finally conclude Nigeria is dead....

Is seeing aregbesola, former osun state gov. Being appointed as a minister

This guy was a failed governor..... He couldn't take care of his people....

Like seriously, he failed as a governor and someone nominated him as a minister...

In a sane nation, this guy will just go for retirement.

Someone that can't devise a means to pay the pensioners, the civil servants in his state. Is now a minister .....

Nigeria is a joke

Aregbesola might have failed with Civil servant but he was the best Governor in the History of Osun State because of his achievements in infrastructures

Kanu is finally running mad

Good

Mod give us good news

It is like some Nairaland Mods are Sadists

Some people are really pain

It is a Jam

Dope music

This Frodd really mumu no be small

I am Using GLO

GLO is reliable and fast in my area

dontro:
Erosion is a big problem down east. It's unfortunate when you see other Nigerians making fun of Southeast because of this destructive natural disaster instead of at least sympathizing with them

Like you don't make fun of others

It was actually you guys that started the habit of making fun of others

DevilhimseIf:


yeroba obas sha

well i learnt alafin is a yeroba Muslim

What is wrong with you Igbo catholic?

BrutalJab:
You ignorant guys should shut up and let Ihedioha recover all looted funds from Okorocha.


Ihedioha is working and also probing the past administration unlike Buhari who was chasing shadows.


Face your brown roof villages and mind your businesses biko.

Like you use to mind the businesses of your Potopoto Villages?

stefanbanach:
You're not serious. I will not give you my time anymore.

I'm not serious because I debunked your lies?


You really don't know much about Yoruba history but you think you know it all

The civil war in Yoruba Land really gave the British an edge and a quick victory but Yoruba didn't invite the British

stefanbanach:
The city States of the old oyo empire fought up to 30 wars. They fought themselves throughout the 19th century. Go and read it up and stop disturbing Me.

What if they fought up to 30 war?

That was in the past and no African History is perfect

I wonder what is really giving you headache now

stefanbanach:
You have fallen into my trap.


Mention just one resistance the yorubas put up to stop the British from entering yorubaland.

You know nothing

There was resistance in Lagos for 11 days

stefanbanach:
Okay. But it will do you well to completely know and proudly accept your history.

Cherrypicking will not help you.

Shut up

Yoruba didn't invite the British


Yoruba were just too weak to face the British because of the Civil War, back then Yoruba were not United

Even despite the fact there was still resistance

stefanbanach:
They were already dwelling in yorubaland before the imagbon war.

There is no record of yoruba resistance against the British. The yorubas invited the British from the coast of Lagos deep into yorubaland.

So the Ijebu are no longer Yoruba?

You are even talking as if you were present there


The Yoruba invited the British to come and rule Nigeria

How low can you guys go with your pettiness?

Was it the Zulu People that invited British to come and rule them too?

What about Ghana people?

stefanbanach:
Ad hominem.

Instead on pointing out the false statements I made, you decided to attack another tribe.

Go and read the history of yoruba nation by bishop Samuel Johnson. Your own brother's version of history.

You mean People in far away South Africa also begged the British to come and rule them?


You are just a joker

stefanbanach:
No. You didn't fight the British. You only attempted to revolt due to stringent taxes.

Tinubu has every right to contest. He's a citizen afterall. I only answered the man who asked why yorubas don't want to see Nigeria divided.

You know nothing but you actually think you know everything

Do you even know about the British - Ijebu War?


So you mean it was Yoruba that called the British to come and rule Africa too?

Ctorch:
Am not interested on who actually won or lose. In an election someone must lose and another must win.

Though Tinubu may have lost because it wasn't conducted by Inec.

But my issue here is why he keeping harping on disintegration( why the country should not be divided) and unity . Why must this unity and non-disintegration of Nigeria be so dear to Yoruba people.


I need an answer, maybe it will change my perception..of all issues.

Thank you

Yoruba just have hope for a better Nigeria

We know that disintegration will not really solve most of the problems

hisexcellency34:
You mean Asiwaku BolaTinubu got 3 votes? He cant win ordinary local elections and he wants to become President

Tinubu is your next president whether you like it or not

stefanbanach:
According to Your brother bishop Samuel Johnson, the yorubas begged the British to come and rule them to stop the Fulanis from conquering yorubaland.

Do you even know that Many Yoruba fought against the British?

Was it the British that defeated the Fulani at Osogbo?

You guys are jokers

So you mean the Yoruba begged the British to come and rule Africa too?

Tinubu have the right to contest for president as a Nigerian whether you like it or not

And no one can stop him from contesting

Why are these guy so obsessed with Tinubu?


Tinubu have the right to contest for an Election as a Nigerian whether you like it or not


And no one can stop him if he want to compete

Alamu1111:
Naija

This is no longer news

Stop putting it in our face

She should make sure she keep on doing the good work

Go girl

dokyOloye:
e better say dem do fraud,than to go de harvest people head from their shoulders

Even in head harvesting

You are also representing

Quorax:
You just had to rope tribalism into this. These particular guys here are a syndicate, which means they work together as team and it is not surprising to see they from one place.

What about the Yorubas that were caught at one time?

You fools will leave the cause of all these problems and focus on irrelevancies. I do not know what is wrong with you. Whether you like it or not, as long as the bastards we have as leaders will not do anything and citizens who find energy to blame IPOB for beating Ike Ekweremadu even when they did so for a good reason such as preventing what we are reading here but your people who like answering sir sir were mocking them for lack of "respect"

Yes, they are Nigerians and since you all will not do the right thing, you will continue to feel the consequences... AS A NIGERIAN.

Like you guys are not Tribalists

What about your people that go around online calling other tribe unprintable names?

You guys are worst Tribalists

Take your L in Peace

KidsNEXTdoor:
Shut Up there Mr tribalistic head

These people know the consequences of their actions and will pay for it themselves...

They never blew anybody away with bombs on the promise of an imaginary virgins in after life by Allah..

They didn't cut off the head of anyone for ritual purposes as directed by a babalawo from ogun state...

When you have nothing upstairs to say... Just shut Up

You guys can tag other tribes traitors,snake and all kind of unprintable names but you don't want others to do the same

This is not good for Naija image

astrodome:
Tinubu and Orji Kalu and PMB and Saraki and Abba Kyari and Atiku. You are all in big, big Wahala

Attack other tribes leaders and get in trouble