The Federal Government has set optimal target for Manitoba Hydro International as it on Tuesday finally handed over full management control of the operations of the Transmission Company of Nigeria (TCN) to the Canadian firm.
This follows Tuesday’s inauguration of the supervisory board for the Transmission Company of Nigeria (TCN), where the Minister of Power, Chinedu Nebo, told Manitoba that the target was for the evacuation of the “maximum capacity of energy generated for distribution”. Manitoba was contracted for $23 million by the Federal Government to run TCN for a period of three years, however, the contract which should have commenced in September 2012 has been dormant.
Inaugurating the seven-man board in Abuja, Nebo said government recognises that TCN remains the hinge of power delivery hence the need to strengthen it.
“In this regard, Manitoba Hydro is expected to revamp TCN in order to achieve technical and financial adequacy in addition to providing stable transmission of power without system failure”, Nebo said, noting that TCN is expected to become a commercially viable and market-driven company capable of performing optimally.
AMETO AKPE, Abuja