The Transmission Company of Nigeria (TCN) emerged from the defunct National Electric Power Authority (NEPA) as a product of the merger of the Transmission and Operations sectors on April 1, 2004. TCN was incorporated in November 2005. Being one of the 18 unbundled Business Units under the Power Holding Company of Nigeria (PHCN), TCN was issued a transmission License on 1st July, 2006. It was subsequently issued two licences on June 10, 2013 for electricity transmission and system operations.
Mission: To transmit electricity in the most efficient and effective manner.
Vision: To be one of the leading electricity transmission companies in the world.
A Brief History
In response to the increase in Nigeria’s demographic figures over the decades which is put at about 160 Million and the lack of commensurate increase in energy supply to meet the country’s growing economic and infrastructural development objective, the Federal Government of Nigeria realized that there was the need to break up defunct National Electric Power Authority (NEPA) into small, effective units, as adequate and efficient electric power is a major factor in modern industrial development.
TCN’s Major Activities
- Operate, expand/upgrade transmission facilities for efficient and effective wheeling of generated electricity.
- Build Transmission Grid that can efficiently evacuate all generated power.
- Create adequate network redundancies to ensure at least 99.9% reliability.
- Reduce transmission losses to less than 5%.
- Pursue Inter-connection with neighbouring Countries for power exchange with. Associated cost savings from the sharing of reserve capacity and energy resources.
- Improve TCN’s revenue base to ensure a self-sufficient and self-sustaining company.
- Ensure that safety and environmental issues are managed to meet international standards.
- Standardization of procurement procedure to reflect International standard.
- Provide an effective Project Management System.
- Provide standard human capacity development of TCN staff for high level performance.
For more visit: www.tcn.org.ng
