Other ongoing programs include the Meter Assets Provider regulation which was implemented in 2018. TCN has raised over $1.6 billion through TREP. Following the roll out of TREP I, which is fully donor-funded, GON is currently sourcing funding for TREP II, to further increase transmission capacity. This will expand the power transmission network and capacity, allowing distribution companies to improve reliability and supply to consumers. The goal of TREP is to support the rehabilitation and upgrade of Nigeria’s electricity transmission substations and lines. The World Bank is financing a $486 million International Development Association credit for the Nigerian Electricity Transmission Access Project (NETAP), part of the Transmission Rehabilitation and Expansion Program (TREP). Industry operators estimate that the country will require as much as $100 billion in investment over the next 20 years to main current service. The Nigerian power sector will require significantly more investment to achieve reliable power supply. Nigeria currently supplies electricity to the Republic of Benin, Togo, and Niger. WAPP was initiated to promote and develop power generation and transmission infrastructures as well as to coordinate power exchange among the ECOWAS member states. The country is part of the Economic Community of West African States and part of the West African Power Pool (WAPP), a specialized agency of ECOWAS that includes 14 of the 15 countries in the regional economic community. Nigeria’s power generation is mostly thermal and hydro with installed capacity of about 12,522 MW. The country’s ongoing comprehensive power sector reforms are aimed at expanding capacity, increasing electricity access, and upgrading transmission. In 2013, the government of Nigeria (GON) privatized 11 electricity distribution companies (DISCOs) and six generating companies (GENCOs) while retaining 100% ownership of the Transmission Company of Nigeria (TCN) as part of a wider strategy to reform the sector and stimulate growth. *Estimates for 2021 based on estimated GDP trends across the sector Total Imports: Independent Power Producers and other local sources such as Manufacturers Association of Nigeria. Total Exports: Independent Power Producers and other local sources such as Manufacturers Association of Nigeria. Total Local Production: Independent Power Producers and other local sources such as Manufacturers Association of Nigeria, National Bureau of Statistics. Total Market Size = (Total Local Production + Total Imports) – (Total Exports) (total market size = (total local production + imports) - exports) Economic Development Organizations (EDO).Foreign Direct Investment Attraction Events.Facing a Foreign Trade AD/CVD or Safeguard Investigation?.
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