The Transmission Company of Nigeria says power distribution networks in various parts of Nigeria have been collapsing as a result of the rainfall being experienced across the country.
According to the TCN and other stakeholders in the power sector, this is one of the reasons why it is imperative for the Federal Government and investors in power distribution companies to recapitalise the firms in order to invest adequately in the networks of Discos.
TCN’s Managing Director, Usman Mohammed, disclosed this in Abuja while addressing interested parties who submitted tenders for the design, supply and installation of Optical Ground Wire across some transmission lines and Universal Transport Network Equipment at some substations for monitoring, control and maintenance of system operation facilities.
The TCN boss argued that the over $1bn investments in the transmission had not been adequately felt by power users because of the poor networks in the country’s electricity distribution arm.