Manitoba mismanaged TCN assets for 4 years – TCN boss

Usman Gur Mohammed was appointed as the Managing Director of Transmission Company of Nigeria (TCN), in February 2017, after a stint in African Development Bank.

Mohammed recently noted that the former managers, Manitoba Hydro International, degraded the company to a major extent. He therefore noted that his challenge on assumption of office, was how to make TCN deliver service to Nigerians. He said he brought a lot of innovations to modernise the grid and improve efficiency. Above all, the MD noted that he has been able to reduce the cost of awarding contracts in the system.

He said recently; “Since we came in in February last year, we inherited a lot of things. First was TCN which was managed by Manitoba Hydro International for four years. And Nigeria was paying Manitoba for three years $23 million plus. Manitoba mismanaged the company to the extent that the company was at the verge of collapsing. So, when we came in, we had to come with a programme on how to move TCN forward.”

“One of the things we did was to establish what we call transmission rehabilitation and expansion programme […] The most important thing we need to do to stabilise the grid, so that it becomes very modern, is that we need to have critical investments in lines and some stations[…] Transformers were also fixed in-house for less than 10 percent of what we normally give contractors,” he added.

Source: The Sun

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