Categories: Business

TCN lost N1.7bn to Borno vandal activities in nine months – Minister

The Transmission Company of Nigeria says it has lost N1.7 billion in nine months owing to the destruction of electricity infrastructure in Maiduguri, Borno State. Minister of Power, Abubakar Aliyu, stated this on Thursday at a town hall meeting in Maiduguri.
He said the TCN made the revenue loss from January to September this year.
Aliyu, who was represented by TCN Chairman, Sule Abdulazeez, said the loss recorded was on vandalised electricity lines at an average of 740 megawatts per day.
The minister added that in one month, TCN lost an average of N139 million on the wheeling charges and energy lost in the area.
He said a total number of eight 330Kv towers had been brought down by insurgents in Damaturu and Maiduguri within the period.
The minister said an average cost of reconstructing each tower is about N110 million, translating to about N880 million.
“Five towers were successfully erected and stringing completed on Sept. 17, awaiting energisation before the insurgents brought down another two sets of tower (1193 and 1194) at Auna village the next day September.
“Six towers in Oronta village in Abia state were brought down by vandals in Umuahia, while ten drums of aluminium conductors were carted away disrupting erection of a new tower.
“Also, the Escravos to Lagos pipeline was blasted by vandals disrupting gas supply to over six power generating stations in the western part of the country in 2016.”
As a way forward, the minister recommended executing embedded generation such as the proposed NNPC 50MW gas plant, solar farm, and wind farm in Maiduguri.
Maiduguri and environs have been cut off from public power supply since January as a result of the destruction of power infrastructure by terrorists.

Trends Admin

Recent Posts

Lionel Messi’s napkin contract sells for £762,400

Lionel Messi’s napkin contract sells for £762,400 The napkin on which Barcelona agreed to sign…

10 hours ago

Referee saved Fury from knock-out in Round 9, says Usyk’s promoter

Referee saved Fury from knock-out in Round 9, says Usyk’s promoter Oleksandr Usyk’s promoter, Alexander Krassyuk…

10 hours ago

NDLEA declares couple wanted, houses sealed after cocaine seizure

NDLEA declares couple wanted, houses sealed after cocaine seizure The National Drug Law Enforcement Agency, (NDLEA)…

10 hours ago

JUST IN: Helicopter carrying Iran’s president crash-lands

JUST IN: Helicopter carrying Iran’s president crash-lands A helicopter carrying Iranian President, Ebrahim Raisi, has…

10 hours ago

Mother, 2 kids, motorbike rider crushed to death in Osun

Mother, 2 kids, motorbike rider crushed to death in Osun A devastating road accident occurred on Saturday…

11 hours ago

Tension in Akwa Ibom over abduction of monarch

Tension in Akwa Ibom over abduction of monarch A monarch, Ogwong Okon A. Abang, has been…

11 hours ago