The TCN is the national grid operator which transmits the electricity generated from power plants across the country to the electricity distribution company.
Until recently, the TCN was under the operation of the Power Holding Company (PHCN). The TCN is one of the 18 successor companies from the PHCN for privatization in the ongoing power sector reform, although, the TCN is not to be sold.
It would remain under government control as no nation can afford to place its transmission grid in the hands of private individuals, House of Representative Committee chairman, Patrick Ikhariale said recently in Lagos when he led his committee for an oversight visit to the Ikeja Electricity Distribution Company.
Assistant General Manager (Public Affairs) of the TCN, Mr. Dave Ifabiyi told Daily Trust that staff cost was expected to be funded from internally generated revenue.
He said: “You know that TCN is a major player in the electricity market as it wheels electricity power from the Generating Stations to the Distribution Companies. Therefore, it earns wheeling charges for electricity it transmits.
The TCN is currently being run by a Canadian firm, Manitoba Hydro International under a three year management contract at the cost of $24 million (about N3.9 billion).
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