⚡ Breaking
New Details Surface on Jimmy Rolder’s Injury  ·  Phoenix Mercury fumble chance to boost playoff…  ·  Santos and Remo set for first Copa…  ·  Colorado Rockies vs. Kansas City Royals game…  ·  Davis Riley leads 2026 Rocket Classic by…  ·  Angels Hold José Soriano Out Ahead of…
Follow: Facebook Instagram Telegram WhatsApp
Advertisement
Home News National grid: TCN confirms N1.28bn payment for solar…

National grid: TCN confirms N1.28bn payment for solar streetlights outside mandate

· · 1 min read

The Transmission Company of Nigeria, TCN, has confirmed that it paid N1.28 billion for solar streetlight projects outside its statutory mandate.

Advertisement

TCN disclosed this in a statement issued on Saturday by its spokesperson, Ndidi Mbah.

The clarification follows reports that the company disbursed N1.28 billion in May and June 2026 for solar streetlight projects.

According to TCN, although the solar streetlight projects fall outside its core mandate, they are part of National Assembly constituency projects duly captured in the federal government’s approved 2026 Appropriation Act.

Advertisement

TCN said it neither requested nor initiated the projects, adding that they were inserted into its capital budget by the National Assembly.

“TCN did not initiate or request these projects. They were included in TCN’s capital budget by the National Assembly, with the company designated as the implementing agency by the relevant authorities, in line with established government practice.

“It is important to emphasize that the funds utilized for these projects do not belong to TCN and do not come from the company’s Internally Generated Revenue. They are federal government appropriations duly approved by Mr. President.

“While TCN’s core statutory mandate remains bulk power transmission, the company is empowered to execute constituency and other federal government projects when duly assigned. These interventions should not be erroneously interpreted as a deviation from TCN’s primary responsibility as the transporter of bulk electricity nationwide,” the statement read.

Advertisement
Nairavoice
Contributor at NairaVoice.com.ng