Managing Director of the Transmission Company of Nigeria (TCN), Mr Usman Gur Mohammed has said the 11 Distribution Companies (Discos) would need $4.2 billion (about N1.509trn) investments on feeders and injection substations to bring their capacity to measure up with that of transmission, Daily Trust reports.
Mohammed disclosed this in a presentation at one of the technical sessions during National Council on Power (NACOP) in Jos last week. He noted that an investment appraisal study done by the TCN on the DisCos’ networks revealed the investment gap.
In a breakdown, he said $3.7bn (N1.330trn) would be required to upgrade the feeders, and another $515.5 million (N185.142bn) would be required for the distribution injection stations.
Source: Energy Mix Report