As Nigerians continue to worry about the continued exportation of electricity to neighboring countries amid shortage in national supply, the Transition Company of Nigeria (TCN) says that the deal provides avenue for the country to earn more foreign exchange for national development.
The Managing Director of TCN, Sule Abdulaziz, who disclosed this at Nigerian Power Consumers Forum, confirmed that Nigeria through TCN had been exporting electricity to Niger, Benin and Togo under a country-to-country arrangement.
Abdulaziz, who is also the Chairman, Executive Board of West African Power Pool (WAAP). said the regional market would further enable generation companies (GenCos) to export power to more West African countries, which will be evacuated by TCN transmission infrastructure. He said that through the exportation of power, the Federal Government could earn more foreign exchange for national development.
Abdulaziz said TCN has deployed a high technology scheme as a stop-gap solution called internet of thing (IoT) and virtual private network (VPN) to improve national grid. According to him, the technology will improve real time operations of the national grid, pending the deployment of a long term network automation system.