Terminal Operators Waive N1.5 Billion Charges on TCN Containers

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Enterprise Television- Terminal Operators Waive N1.5 Billion Charges on TCN Containers

Container terminal operators in Nigeria waived a princely sum of N1.5 billion on 500 containers carrying power equipment belonging to the Transmission Company of Nigeria (TCN).

According to a statement issued by the umbrella body of the operators, the Seaport Terminal Operators Association of Nigeria (STOAN), the container terminal operators waived the amount on the longstanding TCN containers in support of the federal government’s effort to ensure steady supply of electricity in the country.

The Minster of Power, Works and Housing, Mr. Babatunde Fashola, made the announcement while receiving a 20-year Transmission Expansion Master Plan presented by the Interim Managing Director of TCN, Usman Gur Mohammed, in Abuja.

Fashola said the containers containing transmission equipment had been deployed to TCN sites.

He said the delivery of the containers was in line with a presidential mandate to improve the capacity of TCN to deliver service between power generating companies (GENCOs) and power distribution companies (DISCOs).