Business
TCN Energises New 330/132 KV Substation
The Transmission Company of Nigeria (TCN) has energised a new 330/132KV substation in Damaturu, a statement from the company says.
The statement by TCN’s General Manager, Public Affairs, Mrs Ndidi Mbah in Abuja, yesterday said the new substation was in line with President Muhammadu Buhari’s administration policy on incremental power.
According to her, the contract for the substation was awarded to a local contractor in 2006 with the normal completion period of 18 months, but due to the poor capacity, the project suffered unprecedented delays and variations.
Mbah further said: “In view of TCN’s pursuit of grid expansion, it refused to again extend the contract which had in fact expired long ago.
“Instead, it handed over the completion of the project to TCN task team about two months ago for completion’’.
She said the TCN team of engineers completed the 330kv side of the substation two weeks back.
Mbah said the new substation which comprised of 150MVA 330/132kV and 60MVA 132/33kV power transformers was expected to greatly improve the quantity and quality of electricity supply to customers of Yola Electricity Distribution Company (YEDC).
According to Mbah, the customers are the communities from Gaidam, Buni Yagi, Buni Gari, Ngamdu, Baimari, Yunusari Damaturu Metropolis and environs.
She further revealed that prior to the successful completion of the new Damaturu transmission substation; electricity voltage to Damaturu and environs was poor, due to a long 33kv distribution line from the Potiskum 132kV substation.
This, she said made the distribution infrastructure from Potiskum unable to guarantee four hours of electricity supply daily to the area.
She, however said with the new 330/132/ substation in Damaturu substation, the poor supply would be mitigated.
She said several projects were on-going in TCN’s network nationwide, adding that the company would continue to invest in capacity expansion initiatives through its Transmission Rehabilitation and Expansion Programme.
“Payment of tuition fees for undergraduate/postgraduate studies shall be subject to a maximum limit of $25,000.00 per semester,” the Manual states.
The expansion of international card limits also reflects growing confidence among lenders that foreign exchange liquidity has improved enough to support retail dollar transactions.
Speaking recently at the BusinessDay 14th Annual CEO Forum in Lagos, CBN Olayemi Cardoso, governor of the CBN said buying and selling activities now increasingly determine outcomes in the foreign exchange market, unlike in the past when market participants relied heavily on routine Central Bank interventions.
According to Cardoso, Nigeria’s net foreign exchange reserves have risen from just over $3 billion at the start of the reform programme to more than $40 billion, while gross reserves have climbed to about $52 billion, providing stronger confidence for investors and enabling the Central Bank to reserve interventions for periods of market stress rather than day-to-day liquidity management.
The restoration and expansion of international naira card spending limits are increasingly being seen as one of the clearest signs that the benefits of the CBN’s foreign exchange reforms are beginning to reach households, students and businesses making legitimate cross-border payments.
The Secretary-General and Chief Executive Officer, WEC, Dr Angela Wilkinson, disclosed this in a statement, last Thursday.
“Nigeria’s participation comes at a pivotal time as the country seeks to expand energy access, strengthen energy security, accelerate gas development and mobilise the capital required for industrialisation and sustainable economic growth.
“WEC Nigeria will convene leaders from across the energy ecosystem, apply the WEC’s globally recognised Energy Trilemma framework to Nigeria’s unique context, and promote evidence-based dialogue, practical collaboration and informed policymaking.
“It will also ensure that Nigerian and broader African perspectives contribute meaningfully to global energy conversations,” she said.
Wilkinson expressed confidence that Nigeria would play a significant leadership role at the World Energy Congress scheduled for Riyadh in April 2027 and beyond.
The statement also quoted the Chairman of WEC Nigeria, Isa, as describing the country’s participation as an opportunity to deepen national and African leadership within the global energy community through practical solutions tailored to regional development priorities.
He said the platform would promote collaboration across sectors and attract sustainable investments into Nigeria’s energy sector.
The Chief Executive Officer of WEC Nigeria, Wunti, was quoted in the statement as saying that the council would connect leadership, evidence and investment to build a secure, affordable and sustainable energy system.
“This system will be capable of driving economic growth and shared prosperity.”
According to him, the platform will also connect Nigerian institutions and businesses with international knowledge, technology, partnerships and investment opportunities through the World Energy Council’s global network.
Recall that WEC, founded in 1923, is the world’s oldest independent and impartial community of energy leaders and practitioners, advancing informed, collaborative and practical action across the global energy system.