Manitoba Hydro International, the Canadian firm that was awarded the management contract for the Transmission Company of Nigeria (TCN) for four years, failed to meet the target given to it by the Federal Government, as it could not reinvigorate or pull out the TCN from its inefficiencies.
According to the Interim Managing Director, TCN, Usman Mohammed, instead of repositioning the firm, the MHI left the transmission company worse than it met it.
Mohammed disclosed this in a presentation he made at one of the technical sessions at the just concluded National Council on Power. The presentation was made available to our correspondent in Abuja on Sunday.
The TCN is the arm of the power value chain that transmits the quantum of electricity generated by power generation companies to distribution firms across the country.
The TCN boss also stated that an investment appraisal study done by the company on the 11 distribution firms’ networks showed that the electricity distributors would need $4,262,816,005 worth of investment on feeders and injection substations to bring their capacity up to parity with that of the TCN.
The Discos, he explained, would need $3,747,262,289 for feeders and $515,553,717 for injection stations.
Mohammed noted that within the four years of Manitoba’s management of the transmission company, the firm witnessed a sharp rise in its top level workforce, in addition to a procurement process that was far from meeting standard practices.
Following the privatisation of the successor generation and distribution companies of the defunct Power Holding Company of Nigeria, the Federal Government contracted Manitoba to manage the TCN for an initial period of three years.
The contract, which was first signed between the government and MHI in 2012 for a base period of three years, expired in 2015 and was subsequently renewed for another term of one year, before it eventually expired in 2016.
It was not renewed thereafter.
But Mohammed, who was recruited from the African Development Bank by the government to manage the TCN, told participants at the council meeting that since taking over, he had discovered that the situation of the company became worse under Manitoba.