NERC Makes Huge Call By Revoking Power Generation Permits

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Nigerian Electricity Regulatory Commission

NERC’s recent actions have come under immense scrutiny, as recent information about the revoking of nine electricity generation permits which were set to add 1,653 megawatts (MW) to the grid. This is for failing to renew the permits after 10 years of their issuance, THISDAY has learned.

THISDAY gathered from the list of the generation and distribution permits issued in the past by the NERC to operators and would-be investors in the country’s privatised electricity market that while a good number of the generation permits issued so far have largely remained idle and some of them renewed, these nine have either expired or would soon expire with their owners yet to renew them.

The findings also came at a time the Nigerian Bulk Electricity Trading Plc (NBET) disclosed that two countries – Niger and Benin Republics who owe electricity companies in Nigeria millions of dollars in electricity debts have paid $159,773,116.61 which is part of the total debt to it, with a balance of $92,315,986.20 still being owed.

According to the NBET, the payment was for electricity generated and transmitted to the two countries through their respective electricity agencies – Société Nigérienne d’Electricité (NIGELEC) and Communauté Electrique du Bénin (CEB).

The list of power generation licenses holders, however, indicated that NERC might have canceled two licenses which were not renewed by their owners when they expired in April.

The licenses included a 90MW generation license held by Anita Energy Limited which was to be sited in Agbara area of Lagos, as well as another 90MW license held by Bresson A.S. Nigeria Ltd for an on-grid generation project in Magboro, Ogun State.

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About Tomide Adeyeye 416 Articles
Federal University Of Technology (FUTA) Alumnus. I am constantly overwhelmed by the power of the written word and how it can transcend genres, stereotypes, and even time itself. This fascination drives my passion for writing.

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