NERC has 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.
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 obtained by our correspondent in Abuja, 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 further 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.”
AFDB allocates $150m to fund electrification projects in Nigeria
The African Development Bank Group (AFDB) have allocated $150 million to the Nigerian Government in order to fund electrification projects in the country.
AFDB’s Energy Sector Policy & Regulations Specialist, Dozie Okpalaobieri, said this was a sovereign loan to the Nigerian government for the Nigeria Electrification Project and will be supported by an additional $50 million from the Africa Growing Together Fund.
According to him, the NEP comprises of four components which includes $70 million for the rollout of mini-grids in 250 sites across the country, $20 million to incentivize the provision of productive use appliances and equipment to rural businesses/households, $100 million for the FGN’s Energising Education project , and $10 million for the technical assistance component of the project for REA and other stakeholders to support rural electrification scale-up activities.
He further explained that Africa has a high demand for power supply and with the sunlight resources in the region, the AfDB is fully supportive of the drive to increase electricity access through renewable energy as an alternative source of energy.