TCN gets N40 billion in 2017 budget proposal


The Federal Government has allocated a total of N40 billion to the Transmission Company of Nigeria, TCN, to enable it execute various power projects across the country under the 2017 fiscal proposal.

The projects, which include construction, reconstruction, rehabilitation and procurement as well as provision of diverse electricity equipment and infrastructure was contained in the 2017 proposal of the Ministry of Works, Power and Housing.

According to the document, the projects include: installation of 1x150MVA 330/133KV sub-station and another 132/33KV substation, at Maiduguri, which is allocated N1.3 billion while that of Erukan-Omotosho 330KV DC transmission line will gulp N2.9 billion.

A total of N3.5 billion has also been allocated for compensation for transmission line and substation projects, payment of compensation to project affected persons and communities, PAPS, for crops, economic trees and structures nationwide.

- Advertisement -First Bank mobile money