The Transmission Company of Nigeria has said that more than 130 power projects have been abandoned between 2002 and now due to lack of funds.
Deputy Managing Director of Transmission Company of Nigeria (TCN), Dr Atiku Abubakar made this revelation during inspection of some of the on-going projects and a training exercise of some auditors in Lagos.
Atiku said the company is working towards achieving uninterrupted power supply. He said “We are making all effort to ensure that fund is raised outside the appropriation of government. We have investors who are ready to come into the country to invest in our schemes.
“We also expects more funding from government to be able to achieve the mandate set for ourselves on improving on the transmission capacity.
“As generation is improving, we are expected to expand transmission capacity to be able to evacuate all that is being generated in the stations for distribution.
“l can assured that we have our plans, targeting projects that are very critical which have been mapped out so that within the shortest possible time, will be able to hit 8,000 megawatts transmission capacity by the end of 2016.”