Business A.M
No Result
View All Result
Friday, March 27, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Electricity

TCN pushes recapitalisation to Nigeria electricity distributors

by Admin
April 25, 2018
in Electricity

The Transmission Company of Nigeria (TCN), on Wednesday, urged electricity distribution companies (DisCos) to recapitalize their investment in order to boost their capacity as large volume of power waiting for evacuation is often rejected and was causing high frequency and system collapse.

Smart Omo Omoragbon, TCN’s assistant general manager, operations, made this call during a media tour of all the Ikeja west transmission sub-station, Ipaja-Ayobo, Lagos, where he noted that the transmission company was experiencing increased transmission capacity, due to the fact that government provided increased funding, but distribution capacity was still low in comparison, and that the private investors of the distribution sub-chain should recapitalize to be able to distribute their load allocation.

He said: “They are also improving but it might not also be at the same pace because the federal government is providing our funds. Their problem as far as fund is concern, they also need to recapitalize. Their network needs to be upgraded so that they can deliver energy to the Nigerian people.”

Also speaking with journalists during the tour, Etore Thomas, the deputy director of press, tasked distribution companies on increasing their capacities, saying that they were doing the “needful but they should step up their capacities.”

The team was also at Akamgba sub-station, where Anthony Dim, the assistant general manager of transmission, said there was consistent increase in the capacity, stressing that for the past two years, “we have experienced capacity increase in virtually all the sub-stations.”

Within that period, according to him, two MVAs have been added with 300 MvA on the site, which would be completed before the year ends.

He added that the station has an idle load that was “waiting to be picked up by Eko Distribution Company.

“We are trying to ask them to come here because we have more than enough capacity,” stressing that “Eko must evacuate the load; by the time they are not evacuating we will be reducing generation. For instance, if the generation is high, it can also lead to system collapse.”

“And that is why we cannot guarantee that system collapse is now history. It is a function of the load that is in the system. If the load in the system is not evacuated the frequency will be extraordinarily high and it can lead to system collapse,” he explained

In the Nigeria electricity supply industry, distribution capacity is about 3,000-5,000 megawatts, while the supposed transmission capacity is about 7,000megawatts (MW).

Admin
Admin
Previous Post

SEC confirms discussions with MTN Group on $500m initial public offering

Next Post

Diamond Bank divests 100% equity in UK subsidiary

Next Post

Diamond Bank divests 100% equity in UK subsidiary

  • Trending
  • Comments
  • Latest
Igbobi alumni raise over N1bn in one week as private capital fills education gap

Igbobi alumni raise over N1bn in one week as private capital fills education gap

February 11, 2026

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025

How UNESCO got it wrong in Africa

May 30, 2017

Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

November 20, 2017

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

CBN confronts key policy choice amid cooling inflation, firmer Naira

CBN shifts to consolidation mode

March 27, 2026
Airtel Africa sees 70% upside as analysts turn bullish

Airtel Africa trials Starlink mobile in Kenya to bridge connectivity gaps

March 26, 2026

Why the camera is the Nigerian marketer’s biggest untapped asset

March 26, 2026
NCC, Plateau State collaborate to expand broadband access

NCC, Plateau State collaborate to expand broadband access

March 26, 2026

Popular News

  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • How UNESCO got it wrong in Africa

    0 shares
    Share 0 Tweet 0
  • Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

    0 shares
    Share 0 Tweet 0
  • Insurance-fuelled rally pushes NGX to record high

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

CBN confronts key policy choice amid cooling inflation, firmer Naira

CBN shifts to consolidation mode

March 27, 2026
Airtel Africa sees 70% upside as analysts turn bullish

Airtel Africa trials Starlink mobile in Kenya to bridge connectivity gaps

March 26, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M