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Home Lead-In

TCN Deploys Advanced Technology To Detect Power Generation Dips

by Caleb Owaise
1 year ago
in Lead-In
Reading Time: 2 mins read
TCN

TCN

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In a bid to bolster its grid management capabilities, the Transmission Company of Nigeria (TCN) has rolled out a cutting-edge Generation Dip/Loss Detection System (GLDS). This innovative technology is designed to swiftly identify and respond to sudden drops or dips in power generation across the network.

Announcing the deployment, general manager of public affairs at TCN, Mrs. Ndidi Mbah, highlighted the significance of the GLDS in enhancing grid management. She emphasised that this deployment stands as a testament to TCN’s commitment to advancing grid management capabilities.

Operating from the National Control Centre (NCC) in Osogbo, the GLDS equips grid controllers with advanced tools for real-time monitoring and analysis of grid performance. Its intuitive interface allows for parameter setting, continuous monitoring of power generating stations, and comprehensive reporting functionalities, enabling prompt responses to grid disturbances.

Powered by sophisticated data analytics and machine learning processes, the GLDS can analyse real-time data to detect patterns associated with sudden generation loss. By employing anomaly detection techniques, it promptly alerts grid controllers to deviations from normal grid behavior, facilitating proactive intervention to prevent widespread disruptions.

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Moreover, TCN has strengthened communication between the GLDS and Internet of Things (IoT) cloud servers, enabling rapid response and coordination of mitigation strategies. This connectivity underscores TCN’s commitment to bolstering grid resilience and ensuring uninterrupted electricity delivery nationwide.

Prior to the GLDS deployment, TCN engineers developed an in-house IoT technology solution to address the challenge of limited visibility of power generators. Strategic deployment of IoT devices across power stations and substations has significantly expanded visibility, allowing TCN to monitor grid load more effectively and identify potential issues before they escalate.

The integration of GLDS and IoT technology marks a significant step forward in TCN’s efforts to maintain grid stability and reliability. These initiatives empower grid controllers with crucial insights to proactively address challenges and minimize disruptions, demonstrating TCN’s dedication to meeting the evolving demands of the Nigerian Electricity Supply Industry (NESI).

 

 

 

Tags: Power GenerationTCNTechnology To Detect
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Providus Bank has acquired the 34% equity stake held by the Asset Management Corporation of Nigeria (AMCON) in Unity Bank Plc, marking a decisive step toward the long-anticipated merger between the two financial institutions. The deal, valued at about N6.5 billion, saw AMCON offload its decade-old holding in Unity Bank to Providus at a price of N3.18 per share, representing a 110per cent premium to the bank’s prevailing market value of N1.50 on the Nigerian Exchange. Industry analysts said the transaction signals a turning point for Unity Bank, which has faced prolonged struggles with weak capitalisation, rising non-performing loans, and declining market relevance. By transferring AMCON’s strategic stake, they noted, Providus has strengthened its hand as it pushes for regulatory approvals to consummate a full merger. AMCON acquired its Unity Bank stake during the 2011–2012 banking sector clean-up after the global financial crisis exposed balance sheet vulnerabilities across second-tier lenders. Its divestment, according to banking sources, underscores the corporation’s gradual exit from long-held equity positions as it focuses on recovering toxic assets and reducing its systemic footprint. “AMCON’s sale to Providus is significant not just for Unity Bank but for the entire financial system,” said a Lagos-based investment banker. “It shows the government is serious about cleaning up legacy interventions while paving the way for stronger private-sector-led banks.” Unity Bank shareholders are set to benefit from the deal’s pricing structure. At N3.18 per share, Providus’ offer more than doubles the bank’s trading value, giving investors a rare premium exit in a market where bank stocks often trade at steep discounts. For minority shareholders, the merger if approvedcould also unlock value by combining Providus’ niche strength in corporate banking and digital services with Unity Bank’s broader retail and SME base. Providus, one of Nigeria’s fastest-growing mid-tier lenders, is widely seen as using the Unity Bank deal to accelerate its ambition of achieving national bank status. By absorbing Unity’s branch network and customer base, the lender would scale its operations beyond its current limited licence, positioning itself to compete more aggressively with tier-one institutions. “The synergies are clear,” said a senior Unity Bank executive familiar with the talks. “Providus brings balance sheet strength and digital innovation, while Unity offers reach and brand equity, especially in northern Nigeria.” Following AMCON’s divestment, the proposed merger will be subject to approval from the Central Bank of Nigeria (CBN), the Securities and Exchange Commission (SEC), and Unity Bank shareholders. Both banks are expected to present a detailed merger scheme in the coming months, outlining share swap ratios, post-merger governance, and capital plans. Market watchers say regulatory scrutiny will focus on whether the combined entity meets CBN’s revised recapitalisation thresholds, which mandate higher minimum capital bases for Nigerian banks. The Providus–Unity transaction comes amid a wave of consolidation moves triggered by the CBN’s ongoing recapitalisation drive. Several lenders are exploring mergers, acquisitions, or fresh capital injections to meet compliance deadlines ahead of 2026. “This is the first big-ticket transaction of the recapitalisation era,” said a financial markets analyst. “It won’t be the last.”

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