●Commission issues licences for extra 1,839.5MW
Seven firms have joined the race to secure the nod of the Nigerian Electricity Regulatory Commission (NERC) for the supply of captive power in Nigeria.
One of the seven applications, New Telegraph gathered, was submitted by Nnewi Independent Electricity Distribution Nigeria Limited (NIEDNL).
The NERC, which recently issued six new licences, renewed three and extended one licence for investors planning to increase Nigeria’s electricity generation by about 1,839.5 megawatts, expressed readiness to issue more licenses “provided the applications meet up with the statutory requirements.”
The licences were issued in the first quarter of 2018 as NERC noted that when the power plants became operational, their capacities would increase the quantum of electricity generated and distributed across the country.
NERC, in its most recent quarterly report sighted by this newspaper, said; “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.”
It explained that some of the licences were for captive power, on-grid and off-grid generation of electricity.
The commission 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.”
News15 hours ago
Emefiele announces fresh recapitalization plan for banks
Metro and Crime14 hours ago
My father disvirgined me, raped my sisters for 9 years” 16-year-old girl
News13 hours ago
El-Rufai wants to use Religious Bill to bully Christians – Kaduna CAN
Sports5 hours ago
Playing for Nigeria is dream come true – Chukwueze
National news15 hours ago
Demand for Fulani vigilante, a huge joke, South-East Govs to Miyetti Allah
News17 hours ago
Court orders arrest of Innosson boss, Innocent Chukwuma
Metro and Crime12 hours ago
Police arrest land grabber with ammunition in Lagos
National news13 hours ago
Yobe Assembly elects Speaker, deputy