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NERC issues 6 new power generation licenses

NERC issues 6 new power generation licenses

The Nigerian Electricity Regulatory Commission (NERC) has issued six new power generation licenses to investors willing to invest in the nation’s power sector.

According to the country’s electricity regulatory agency, it has also renewed three and extended one licence for investors planning to increase Nigeria’s electricity generation by about 1,839.5 megawatts.

The licences, which were issued in the first quarter of 2018, is expected to increase the quantum of electricity generated and distributed across the country when the power plants become operational.

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NERC disclosed this in its quarterly report, adding that: “Six new, three renewal and one extended licence application with a total nameplate capacity of 1,839.5MW were approved in the first quarter of 2018.”

The agency further explained that some of the licences were for captive power, on-grid and off-grid generation of electricity.

It said: “After satisfactory evaluation, the commission issued two new on-grid and four off-grid licences. During the quarter, an extension of five years was also granted to one other generation licence.

“The total nameplate capacity of the licences summed up to 1,464.5MW. Similarly, three permits for a total capacity of 375MW were renewed for captive power generation.”

Ripples Nigeria

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Ripples Nigeria

We are an online newspaper, very passionate about Nigerian politics, business and their leaders. We dig deeper, without borders and without fears.
www.ripplesnigeria.com

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