{"id":10540,"date":"2013-03-08T17:25:05","date_gmt":"2013-03-08T16:25:05","guid":{"rendered":"http:\/\/pointblanknews.com\/pbn\/?p=10540"},"modified":"2013-03-08T21:57:42","modified_gmt":"2013-03-08T20:57:42","slug":"canadian-company-takes-over-power-transmission-company-to-invest-n3-7-billion","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/news\/canadian-company-takes-over-power-transmission-company-to-invest-n3-7-billion\/","title":{"rendered":"Canadian company Takes Over Power Transmission Company&#8230; To Invest N3.7 Billion"},"content":{"rendered":"<p>Mr Olusola Akinniranye, the Chief Executive Officer of the Transmission Company of Nigeria (TCN) has said that Manitoba Hydro International Ltd of Canada has &#8220;fully taken over&#8221; the company.<\/p>\n<p>Akinniranye made the disclosure to\u00a0 the News Agency of Nigeria (NAN) on Friday in Abuja, saying: &#8220; as of today, the company is running the TCN.<\/p>\n<p>NAN recalls that the Federal Government and Manitoba Company concluded the arrangement of taking over in July, 30 2012, but this was delayed due to trade dispute between the labour union of TCN and the Federal Government.<\/p>\n<p>Under the deal,\u00a0 the company will invest about 23.7 million dolars (N3.7 billion) and will control all key positions in the TCN for three years.<\/p>\n<p>Akinniranye told NAN that the TCN would within six to seven months, commission another third power line between Benin and Onitsha, to ensure stability in power supply.<\/p>\n<p>He said that the National Integrated Power Project (NIPP) has completed arrangements to &#8220;fast track&#8221; the completion of 7 power stations this year, to ensure steady power supply.<\/p>\n<p>Akinniranye explained that the recent power outage being experienced in Abuja and its environs, was caused by a major maintenance going on at the Shiroro Dam.<\/p>\n<p>He gave the assurance that as soon as the maintenance work was finished, people would have stable electricity.<\/p>\n<p>According to him, the TCN\u2019s daily power generation is between 4,200 megawatts and 4,300 megawatts. (NAN)<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Mr Olusola Akinniranye, the Chief Executive Officer of the Transmission Company of Nigeria (TCN) has said that Manitoba Hydro International Ltd of Canada has &#8220;fully taken over&#8221; the company. Akinniranye&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":4092,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-10540","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Canadian company Takes Over Power Transmission Company... 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