The Transmission Company of Nigeria (TCN) has inaugurated its Performance Improvement Plan/Power Sector Recovery Operation (PIP/PSRO) Committee.
Ndidi Mbah, General Manager, Public Affairs, disclosed this in a statement on Wednesday.
The statement quoted that the Performance Improvement Plan/Power Sector Recovery Operation(PIP/PSRO) program is an Order and a critical component designed by the Nigerian Electricity Regulatory Commission (NERC) to enhance the operational efficiency and financial sustainability of the power sector, in which TCN is a prominent player.
It aims to identify and mitigate operational bottlenecks within the transmission network, enhance the reliability of electricity transmission, and reduce system losses, it said.
This can be achieved through improved maintenance practices, infrastructure upgrades, and better operational protocols.
At the inauguration ceremony, the Managing Director/CEO of TCN, Engr. (Dr.) Sule Ahmed Abdulaziz announced that the NERC order requires the establishment of a Committee comprising relevant stakeholders to oversee the implementation of the projects under the programme.
He emphasised that their mandate aligns with the Nigerian Electricity Regulatory Commission (NERC) Order and the PSRO-AF Operation Manual, underscoring TCN’s commitment to sector recovery and performance improvement.
He implored the committee members to collaborate with relevant stakeholders and coordinate activities to ensure the timely and efficient implementation, monitoring, and reporting of all projects under the PIP/PSRO.
Speaking, the Executive Director, Transmission Service Provider (TSP), Engr. Olugbenga Ajiboye, reiterated to the Committee that the implementation of the PIP was to establish clear targets and performance indicators, thereby creating accountability among stakeholders, which will enable better governance and oversight.
The Chairman of the Committee, who also serves as the General Manager, Transmission Services at TCN, Engr. Ali Sharafai, assured the management of their commitment to ensuring that TCN adheres to national and international standards, regulatory requirements in resolving transmission challenges, with a view to achieving a reliable and well-managed transmission system.
