Business
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.
Read also: TOUGH TIMES: FG cuts 2019 revenue projection for agencies by N223.3bn
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.”
Join the conversation
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.