FG Reverses TCN Structure Split

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The decision of the federal government last week to reverse the structural splitting of the Transmission Company of Nigeria (TCN) which was done in the last days of former President Goodluck Jonathan’s administration, has been met positively by experts in the sector, ThisDay reports.

They said in Abuja that by retracing its steps on the structural changes at the TCN  – which was not recognised by the industry regulator, the Nigerian Electricity Regulatory Commission (NERC) – the government has in effect indicated its willingness to yield to standard regulatory benchmarks which the NERC is charged to protect.

In addition, the experts believe that the reversal will re-establish the plans of the government for the TCN and the country’s weak transmission network which Canadian firm, Manitoba Hydro International (MHI) was contracted in a lucrative multi year deal to help achieve but has yet to really make serious inroads into because of reported internal structural instabilities.

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