FG signs $23m electricity deal with Canadian firm

ABUJA (AFP) – The Federal Government on
Monday signed a $23 million deal with a
Canadian firm aimed at overhauling power
transmission in Africa’s most populous
nation, part of plans to improve its woeful
electricity network.
Manitoba Hydro International (MHI) signed
the management accord that will see it
reorganise the Transmission Company of
Nigeria, with the aim of eventually
privatising part of it, the firm said.
“MHI expects to turn TCN into a technically and financially efficient, stable, and sustainable
company, a company that will be market-driven and capable of utilising its maximum
generation capacity and then distributing the energy throughout Nigeria 24 hours a day, 365
days a year,” the company said.
The head of the Bureau of Public Enterprises, Bolanle Onagoruwa, told reporters the contract
was worth $23 million.
Nigeria is Africa’s largest oil producer, but electricity blackouts occur daily.
President Goodluck Jonathan has laid out plans to privatise electricity production and
distribution in the nation of some 160 million people. The country’s electricity grid would
remain state-owned, but privately managed.
Electricity workers fearing layoffs have protested, including in recent days, over the planned

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