The Transmission Company of Nigeria (TCN) has pledged to support the government of Lagos state as it prepares to assume regulatory responsibilities in line with the new electricity Act.
This commitment was made when it hosted a delegation from the Lagos State government at its corporate headquarters in Abuja on Tuesday.
This is contained in a press release dated 20th November, 2024 issued by the company and signed by its General Manager in charge of Public Affairs, Mrs Ndidi Mbah.
“Welcoming the delegation, led by Biodun Ogunleye, Commissioner for Energy and Mineral Resources, TCN’s Managing Director/CEO, Engr. Sule Abdulaziz assured TCN’s support as Lagos prepares to take up regulatory responsibilities under the new electricity act”, the release stated.
“Abdulaziz highlighted TCN’s completed and ongoing projects in Lagos, including the ongoing 300MVA, 330/132kV power transformer, 2 x 60MVA 132/33kV at Lekki substation, 300mva 330/132kV power transformer at Alagbon, 100MVA 132/33kV commissioned power transformer at Alausa, Alagbon, ijora substations as well as 2x 60 MVA, 132/33kv at Apapa road substation. He noted that Lagos is a critical market, and efforts will continue to be be geared towards improving infrastructure for enhanced power supply.
“The MD emphasized the company’s openness to collaboration with states and stakeholders to improve bulk power supply. He added that the Market Operator is working to create a conducive electricity market between TCN and state governments.
“Ealier, in his remarks, the Commissioner, Mr. Abiodun Ogunleye explained that the visit aimed to seek TCN’s support and collaboration as Lagos enters a new phase in the electricity market.
“According to him, “the bill to create the Lagos State Electricity Commission has been passed and awaits the Governor’s assent. So, in preparation for the full implementation, we’re here to discuss areas of collaboration, learn from TCN, and understand its constraints to develop our strategic plan.”
“Ogunleye added that Lagos contributes significantly to TCN’s revenue, stating, “We’re an affiliated state with 1% of Nigeria’s landmass but 30% of the population. We contribute about 50% in terms of consumption and revenue to TCN and will take over regulatory responsibility of 60% of TCN markets.