The Federal government has disclosed plans to secure a $200million loan from the Japan International Cooperation Agency (JICA), to provide about 203KM high voltage transmission lines and six high voltage substations in selected communities in Ogun and Lagos States.
Abubakar Aliyu, Minister of Power, while receiving the JICA delegation in his office, said the deal was aimed at promoting best practices particularly to infrastructural development in the electricity supply industry in Nigeria.
According to him, the transmission rehabilitation and expansion programme which will be carried out by the Transmission Company of Nigeria will provide about 203KM high voltage transmission lines and 6 high voltage substations which cover 5 LGAs in Ogun State and 1 LGAs in Lagos State with appropriately 200 communities affected.
“The counterpart funding for compensation of Project Affected Persons (PAP), Consultancy services for line route studies, environmental and social impact assessment, environmental social management plan for the proposed JICA transmission projects in Lagos and Ogun states is reflected in the 2021/ 2022 appropriation of the Ministry,” he said.
Noting that transmission is a major stake of government which is targeted at raising operational capacity to an appreciable level particularly at areas where industries are rapidly expanding, Abubakar said that consultancy services for line route studies, environmental and social impact assessment, environmental social management plan for the proposed JICA transmission projects in Lagos and Ogun states has been completed.
In his remark, Sasaki Taigo, senior representative of JICA, said their mission was to confirm the content of loan agreement and project memorandum of the Lagos and Ogun power transmission system improvement project with relevant Ministries and implementation Agencies among others.
He further said meetings with relevant authorities will commence with the aim of having the loan agreement signed in March, 2022.
Business Day
Nigeria to secure $200m loan from Japan for power transmission lines
Share on Facebook «||»
Share on Twitter «||»
Share on Reddit «||»
Share on LinkedIn
Read Related News On TDPel Media
Advertisement
Storm Henk causes chaos in the UK: Woman crushed by fallen tree, travel disrupted, power lines down, roofs blown away, and 94mph winds and flash floods hit: Title: Storm Henk Paralyzes Britain with Widespread Disruption Introduction: Railway networks across the UK are in disarray as more than 20 lines face severe disruptions...
Noah Lyles Involved in Dramatic Crash Before Men’s 200m Semi-Final at World Championships in Budapest: In a startling event at the World Championships in Budapest, a crash involving a golf buggy transporting athletes to the track caused panic and injury....
Chelsea’s £200m midfield flops against Arsenal: Pochettino forced to play tired Fernández and Caicedo: Chelsea’s £200m midfield flops against Arsenal: Pochettino forced to play tired Fernández and Caicedo Chelsea midfielders Enzo Fernández and Moisés Caicedo were forced to play...
House Speaker Johnson Thwarts $200M Ukraine Aid Package, Prompting Zelenskyy to Cancel Congress Address: Speaker Rejects Biden’s $200M Military Aid for Ukraine: Border Security Demands Take Priority In a recent turn of events, House Speaker Rep. Mike Johnson has...
Downpayments Secures New Capital to Facilitate $200M in Property Transactions: In a strategic move to fuel investment property transactions exceeding $200 million, Downpayments has successfully raised new capital. Founded by Godfrey Dinh, Downpayments operates at...
EU to support Nigeria in stabilising electricity transmission network: The European Union (EU) has reaffirmed its support for the Transmission Company of Nigeria (TCN) to stabilise electricity network in some parts of the country....
Explosives Destroy Three Towers in Nigeria’s Transmission Line, Killing NSCDC Officer: Explosive Destruction of Transmission Towers Three towers along the Maiduguri–Damaturu Transmission Line in Nigeria were destroyed by explosives, resulting in the tragic loss of an...
How Seattle City Light relocated a transmission line with international implications: Last fall, Seattle City Light and its partners took on the monumental task of relocating nearly half a mile of 115kV transmission line along Seattle’s waterfront....
TCN begins Full Digitization of Old Transmission Substations: The Transmission Company of Nigeria TCN has commenced the digitization of old transmission substations in its network. It aims at improving the automation system of...
UKHSA Confirms Bird Flu Detection in Poultry Workers, No Human Transmission Observed: …By Jack Sylva for TDPel Media. The UK Health Security Agency (UKHSA) has reported the detection of bird flu in two poultry workers in England....