Canadian firm wins USD24m Nigerian power deal
GOVERNMENT| April 5, 2012, 9:49 a.m.
Manitoba Hydro of Canada (MHC) has been awarded a USD24 million deal to overhaul Nigeria’s power infrastructure
The country’s power network suffers persistent outages.
MHC has won the contract to manage the Transmission Company of Nigeria (TCN), which is responsible for transmitting electricity from power plants to substations.
Nigeria’s Bureau of Public Enterprises said MHC would be responsible for reducing electricity losses during transmission, ensuring adequate generation output and regulating fair payments between traders.
The contract price is still under negotiation.
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