The Nation Newspaper NERC unbundles TCN, establishes new system operator
, has unbundled the Transmission Company of Nigeria with the establishment of the Nigerian Independent System Operator of Nigeria Limited
According to the order, TCN will transfer all market and system operation functions to the newly formed NISO. It said that previously, TCN held Transmission Service Provider and System Operations licences issued by NERC. According to the order, the Bureau of Public Enterprises has been directed to incorporate a private company limited by shares under the Companies and Allied Matters Act by May 31.”This new company, to be named the Nigerian Independent System Operator of Nigeria Limited , will assume the market and system operation functions as specified in the Electricity Act and the terms of TCN’s system operation licence,”It said.
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