In preparation for an anticipated increased activities in the electricity sector with the recent take-over of the assets of the Power Holding Company of Nigeria (PHCN) by private investors, the Federal Government has engaged Xian Electric Engineering Company Ltd, a Chinese firm, to expand the transmission lines to make for easier evacuation of electricity to consumers across the country.
The memorandum of understanding (MoU) on the project, expected to costs $500 million in the next two years, was signed yesterday by Chinedu Nebo, minister of power, and Ji jun Hua, general manager, Xian Electric.
This development is coming just as industry watchers and operators are calling on government to ensure that the Transmission Company of Nigeria (TCN) is run independently, devoid of politics.
According to them, the current privatisation exercise in the power sector will only be meaningful if government ensures that a viable transmission network is put in place.
Evacuation of generated electricity has been a challenge for the power sector and the country as a whole, as larger percentage of the transmission lines in the country are weak and and incapable of carrying clean power
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