Companies

TCN, ECOWAS set to launch regional electricity market expansion

by HARRISON EDEH & CYNTHIA EGBOBOH, Abuja

May 25, 2018 | 12:11 am
  |     |     |   Start Conversation

The Transmission Company of Nigeria (TCN) said plans are underway  for the launch of the regional electricity market expansion  in collaboration with the Economic of West African States (ECOWAS).

Usman Gur Mohammed, CEO Transmission Company of Nigeria, TCN said  in Abuja that already trade activities is on going with stakeholders in ECOWAS adding that there is need for broader expansion  as Nigeria is the biggest exporter of energy in the sub- region.

According to the TCN Managing director, “We will be organising a workshop that will host all the distribution companies (Discos) across West Africa to improve their operations to ensure effective operation of the market”.

“The west Africa power pool (WAPP) is aimed  at creating and building power structures across west Africa while the Ecowas regional electricity regulations authority (erera) is saddled with the responsibility of regulating energy trade across west Africa”.

The TCN Managing director further  explained that the problems associated with electricity is not perculiar to Nigeria alone adding that there is a mechanism in place to ensure improve performance of the power sector through power pool as Nigeria is a major driver and the largest financial contributor to the west Africa power pool (WAPP).

In his own remarks, Siengin Appollinare, secretary general WAPP  said that there is need for the excess electricity to be sold to further build up the electricity economy of a particular society as excess electricity cannot be stored.

“While getting electricity to the society, the excess should be sold to help electricity economy”.

HARRISON EDEH & CYNTHIA EGBOBOH, Abuja


by HARRISON EDEH & CYNTHIA EGBOBOH, Abuja

May 25, 2018 | 12:11 am
12893  |   93   |   0  |   Start Conversation

Big Read |  

Analysis
Does Conoil need a makeover?

Does Conoil need a makeover?

One of Nigeria’s oldest company, Conoil Plc is looking like a company in need of a game changer as its...