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Friday, December 20, 2013

TCN sacks CEO, power generation to drop by 826MW

The board of the Transmission Company of Nigeria has fired its Chief
Executive Officer, Mr. Don Priestman, and has appointed a new CEO to
manage the firm.
Although no official reason was given the termination of Priestman,
sources at TCN told our correspondent that "internal wrangling, lack
of cooperation and many other issues," warranted the abrupt sacking.
Before his removal, Priestman, international expert, headed Manitoba
Hydro International, the firm employed by the Federal Government to
manage the country's electricity transmission company.
A statement on Friday by the General Manager, TCN, Mrs. Seun Olagunju,
did not state why Priestman's appointment was terminated. It rather
reeled out the qualifications of the newly appointed TCN boss.
Olagunju, in the statement said the "board of the TCN has approved the
appointment of Mr. Mack Kast as the new Managing Director/CEO.
"The appointment of the new MD was approved during the fourth meeting
of the board, held in the company's headquarters, Abuja on Wednesday,
December 18, 2013. By this appointment, Kast has replaced the former
MD/CEO, of TCN, Mr. Don Priestman."
Meanwhile, the TCN stated that it would be carrying out "urgent
unavoidable repair works" on its 330KV transmission line from Onitisha
in Anambra State to Alaoji in Abia State on Saturday.
It said the repairs would last from 9am to 12noon.
It said, "Consequently, the Afam VI, River IPP, Ibom Power and Afam IV
Power Stations will be shut down, resulting in 826MW reduction in
generation output.
"During this period, Abia, Cross River, Imo, Akwa Ibom and Bayelsa
states will experience outage. However, power supply will be restored
as soon as repair works are completed at 12noon."

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