The Transmission Company of Nigeria (TCN), in a bid to boost power supply across Nigeria, has launched the Working Committee to drive the Performance Improvement Plan/Power Sector Recovery Operation (PIP/PSRO) Committee.
The Performance Improvement Plan/Power Sector Recovery Operation(PIP/PSRO) program, designed by the Nigerian Electricity Regulatory Commission (NERC), is aimed at enhancing the operational efficiency and financial sustainability of the power sector.
Speaking during the inauguration of the committee, Sule Ahmed Abdulaziz, the Managing Director of TCN, explained that the program seeks to identify and mitigate operational bottlenecks within the transmission network, enhance the reliability of electricity transmission, and reduce system losses.
Read also: Nigeria’s power sector under threat, as vandals feast on infrastructure
This, he said, can be achieved through improved maintenance practices, infrastructure upgrades, and better operational protocols.
According to him, the NERC Order requires the establishment of a Committee comprising relevant stakeholders to oversee the implementation of the projects under the program. He emphasised that mandate of the committee aligns with the NERC Order and the PSRO-AF Operation Manual, underscoring TCN’s commitment to sector recovery and performance improvement.
He therefore charged the committee members to collaborate with relevant stakeholders and coordinate activities to ensure the timely and efficient implementation, monitoring, and reporting of all projects under the PIP/PSRO.
In his remarks, Olugbenga Ajiboye, the Executive Director, Transmission Service Provider (TSP), reiterated to the Committee that the implementation of the PIP was to establish clear targets and performance indicators, thereby creating accountability among stakeholders, which will enable better governance and oversight.
Read also: TCN restores bulk power supply to Eko, Ikeja DisCos
Ali Sharafai, chairman of the Committee, who also serves as the General Manager, Transmission Services at TCN, assured the management of their commitment to ensuring that TCN adheres to national and international standards, regulatory requirements in resolving transmission challenges, thereby achieving a reliable and well-managed transmission system.
This, he said, will further encourage both local and foreign investments.
