High cost of production threatens more businesses operating in Nigeria as the nation’s epileptic power situation worsens due to six systems collapses recorded in January 2018 by the Transmission Company of Nigeria, TCN.
This current development culminated in the damage of nine vital components as reported by Vanguard of which will cost the TCN N3.85 billion to procure relevant equipment and rehabilitate the system within the nine months.
Vanguard also reported that the required equipments for purchase include 1x150mva, 330/132kv T1A Mitsubishi power transformer in Jos, which was completely burnt, and will take N850 million to replace.
Another major burnt equipment was the 1x30mva, 330/33kv T2 Toshiba transformer at Gusau substation, which would require N300 million for a total replacement.
Other damaged equipment include: 1x100mva, 330/33kv SPECO power transformer at Ejigbo substation, 1x60mva, 132/33kv ABB power transformer at Katampe substation, 1x60mva, 132/33kv power transformer at Ajah substation, 1x60mva, 132/33kv power transformer at Benin substation, and a 1x60mva, 132/33kv power transformer at Okene substation, were completely lost.
The above listed facilities are allegedly going to cost the company about N500 million each to replace.
An authoritative source in the sector attributed the development, partly to irregular monitoring and maintenance nationwide, adding that TCN needed highly technical personnel, preferably an electrical engineer, as managing director.
Mr. Usman Gur Mohammed, the current Managing Director/Chief Executive Officer of TCN, holds a BSc. in Accountancy from Ahmadu Bello University, Zaria, and an MSC in Business Administration (Management) from the Bayero University, Kano.
But the spokesperson of the company, Mrs. Ndidi Mbah argued: ‘’the best thing that happened to Nigeria’s power sector was the appointment of the current Interim MD of TCN.
“He installed more than 12 transformers between May and December 2017, using in-house capacity, each at a cost that is less than 10% of what the previous management use to spend on bogus contracts to install such transformers.
“In January 2018 he started building substations using in House capacity.
‘’He established Transmission Rehabilitation and Expansion Program (TREP) that has attracted $1.5 billion from several donors. TCN had never attracted more than $200 Million in one year in its history. TREP seeks to expand the grid to at least 20,000MW in four years and will put N-1 capacity all over Nigeria.
‘’He resolved several transmission lines constraints that had lingered between 3-4 years; these includes Jebba-Kainji, Asaba-Benin, Ajaokuta-Abuja, Egbin-Aja and turn in turn out for the evacuation of Azura IPP. He completed several contracts that had been endless in the past; Kukuaba, Daura-Katsina, Odogunyon etc.’’