The Managing Director of the Transmission Company of Nigeria (TCN), Mr. Usman Gur Mohammed, has said the company is to construct a $200million power transmission project in Ogun State, ThisDay reports.
Speaking when he paid a courtesy visit on the state Governor, Senator Ibikunle Amosun, in his office in Abeokuta yesterday, Mohammed said the project, when completed, will address the inadequacy of the transmission capacity of the nation, which currently stands at 6,500 megawatts.
According to him, the project would also increase available power to industrial concerns and the populace. To facilitate the smooth take off of the project, Mohammed said the TCN would require land in places, such as, Lukosi, in Abeokuta; Redemption Camp and Mountain of Fire Ministries area, along the Lagos-Ibadan Expressway corridor as well as Ajegunle, very close to Agbara and Arigbajo axis.
The TCN boss said the land would be used for building sub stations that will help to expand the nation’s transmission capacity, adding that the sum of $1.5 billion dollars has already been secured from donor agencies to finance the project.