The extension followed the imminent expiration of a three-year management contract signed in 2012 for MHI to manage TCN’s electrical power transmission, system operation and market operation undertakings, as well as train TCN personnel.
TCN’s General Manager in charge of Public Affairs, Seun Olagunju, who confirmed the extension in a statement yesterday, stated that the contract has now been extended to July 31, 2016. The fourth year of the contract will focus on further increasing TCN’s capacity to transmit power in the grid, in anticipation of rising levels of generation in the country.
Additionally, MHI will facilitate the unbundling of TCN into two new organizations, the Transmission Service Provider and the Independent System Operator, while simultaneously building the capacity of local management to take over the leadership of these organizations at the end of its contract,” Olagunju explained.
Source: Energy Mix
