News

TCN HOLDS EXPANSION TALKS WITH IBOM POWER

The Transmission Company of Nigeria, TCN, operators of Nigeria’s electricity grid have held talks with Ibom Power Company Limited as part of activities towards TCN’s Transmission Expansion Plan and Performance Improvement Plan.

At the meeting held today in the Uyo office of Ibom Power, TCN disclosed that the Expansion Plan and Performance Improvement Plan will lead to a major review of the Multi-Year Tariff Order, MYTO, over the next tariff regime.

READ ALSO  IBOM POWER SUPPORTS AKWA IBOM SPORTS WRITERS

According to TCN, this initiative has the potential to determine what electricity customers will pay to distribution companies for electricity.

The Nigerian Electricity Regulatory Commission, NERC adopted the MYTO methodology as the framework for determining the pricing structure in the Nigerian Electricity Supply Industry, NESI.

READ ALSO  AKWA IBOM SIGNS PACT FOR 732MW POWER PLANT

MYTO essentially designates the classes of customers in the NESI, determines the tariff payable by customers in the different classes and introduces a tariff regime that is based on the level and quality of service provided by power distribution companies to their customers in the different classes.

READ ALSO  IBOM POWER MD DECRIES ABANDONED TRANSMISSION PROJECTS IN AKWA IBOM

The TCN delegation represented by an Assistant General Manager, AGM, Engr. Abutu Emmanuel and Engr. M.N. Nwagu stated that the sensitization visit to Ibom Power, as a key stakeholder, is towards the commencement of the project.

Tags
Show More

MICHAEL DADA

Michael Dada is the media/publicity officer of Ibom Power Company Limited. He is a graduate of Journalism from Lagos State University School of Communication. He did internship at The Nation newspaper and Voice of Nigeria. He has a Digital Marketing Master Class certificate from Wild Fusion Digital and a certificate in WordPress web design from Spring Light Technology. He holds a Competence in Writing and Speaking certificate from the School of Media and Communication, Pan Atlantic University. He has a post-graduate certificate in Advanced Writing and Reporting Skills from the School of Media and Communication. He is an Associate of the Nigerian Institute of Public Relations, NIPR, and an Alumnus of Pan Atlantic University.

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button
Close