Officials of the federal government on Sunday took over the management of Transmission Company of Nigeria (TCN) as Manitoba Hydro International (MHI), the foreign company that has been handling management of TCN, officially hands off the company. This follows the expiration of their contract at the power transmission company.
In a statement signed by TCN’s general manager (Public Affairs), Seun Olagunju, the new management acknowledged the contributions of MHI to the growth of the company and assured Nigerians, especially our patrons that all contracts and agreements entered into by TCN in the period remain valid and all financial obligations from our development partners are still intact.
TCN further noted that during the four year MHI management period, their Nigerian counterparts, who now constitute the new management team, worked closely with the 8-man MHI team and are therefore well equipped to properly administer the affairs of the company.
MHI Management Contractors won the bid to manage TCN in April 2012, for an initial 3-year period, subject to renewal. The contract was signed on 16th June 2012, while MHI commenced work on the 1st of July 2012. The three year contract expired in 2015 and was renewed for another one year up to the end of July, 2016.
At a brief handover ceremony on Friday, the Deputy Managing Director of TCN, Dr. Abubakar T. Atiku thanked the outgoing MHI staff for their contributions to TCN during their stay and on behalf of the new management team, affirms TCN’s preparedness to work with the Federal Government of Nigeria to further strengthen and increase the capacity of the nation’s transmission grid.
By Sunday Abah
