, the Bureau of Public Enterprises has recommended the full privatisation of the country’s electricity transmission network.
The Transmission Company of Nigeria, which coordinates the nation’s electricity transmission network, is one of 18 companies that were unbundled from the defunct Power Holding Company of Nigeria in April 2004. It was incorporated in November 2005 and issued a transmission license a year later. While TCN is presently fully owned and operated by the government, the BPE said there was a need to privatise it by selling off the transmission network assets to interested investors, to improve its reliability and expand its capacity.Earlier this month, the BPE called for bids from private investors to acquire five power plants with a combined capacity of almost 3,000 megawatts that the government still owns through the Niger Delta Power Holding Co, according to Bloomberg.