The Manitoba Hydro International Nigeria Limited (MHINL) is making fresh moves to persuade the federal government to renew its management contract for the Transmission Company of Nigeria (TCN), Daily Trust reports.
The company was hired in 2012 to reduce technical and commercial losses of TCN, improve the business process and split the company into the Transmission Service Provider (TSP) and the Independent System Operator (ISO). Manitoba said it reduced the transmission loss from 13 per cent to eight per cent which has saved the country N35 billion. It said the contract sum of N1.4 billion annually in the last four years is far less than the amount it has saved the country. System collapses also reduced from 22 in 2013 to six in 2015, it said.
Expatriate officials of Manitoba said the contract has ensured the capacity increase of 5,200 megawatts (mw) from the 3,200mw it met in 2012, and the wheeling of 5,074mw in February 2016. They also said about 700 Nigerian employees had been hired and that it had developed job descriptions and management plans for them. “Under the management of MHINL, is the engagement of PWC auditors to audit the accounts of TCN, for the first time ever, since its inception in 2006,” the document added.