Nigeria Gets $210 Mln AfDB Loans To Expand Power Transmission, Distributions
The African Development Bank has approved a $210 million loan for the Transmission Company of Nigeria (TCN) to fund the country’s power transmission projects.
According to TCN, loans for the expansion of Nigeria electricity transmission projects were approved in a board resolution on Wednesday in AfDB Headquarters, Abidjan.
The Nigeria Transmission Expansion Programme is one of the projects under the Transmission Rehabilitation and Expansion Programme financed by the AfDB that is targeted at rehabilitating and expanding parts of the transmission grid in the North West, South-South and the South East, according to a statement.
The TCN said the project would involve the reconstruction of old transmission lines and build new ones as well as construct new substations, which will eventually contribute to further increase its transmission capacity.
In a statement, TCN General Manager (Public Affairs), Ndidi Mbah, said even though the approval had just been given, the company had already concluded environmental studies and the report had been submitted to the AfDB.
She said the studies included a Resettlement Action Plan in which people that would be affected by the acquisition of the Right of Way for the proposed transmission lines were identified.