Manitoba Hydro International (MHI), the foreign company that has been handling management of the Transmission Company of Nigeria (TCN), has handed over the management of the company to their Nigerian counterpart. This follows the expiration of MHI contract at the power transmission company.
In a statement signed by TCN general manager, Public Affairs, Seun Olagunju, the new management acknowledged the contributions of MHI to the growth of the company and assured Nigerians that all contracts and agreements entered into by TCN in the period remained valid and all financial obligations from its development partners were still intact.
TCN further noted that during the four- year MHI management period, its Nigerian counterparts, who now constitute the new management team, worked closely with the 8-man MHI team and were therefore well equipped to properly administer the affairs of the company.
MHI Management Contractors won the bid to manage TCN in April 2012, for an initial 3-year period, subject to renewal. The contract was signed on June 16, 2012, while MHI commenced work on July 1, 2012. The three year contract expired in 2015 and was renewed for another one year up to the end of July, 2016.