NERC Greenlights 10 power Generation Licenses in Q1/2023

In Q1/2023, NERC amplified Nigeria’s energy landscape by issuing 10 power generation licenses.

Dive into the specifics of this groundbreaking move.

In the bustling realm of the Nigerian power sector, the dawn of 2023 brought significant progress.

We can’t emphasize enough how major a step the Nigerian Electricity Regulatory Commission (NERC) took this quarter.

A whopping 10 power generation licenses were given the green light!

Inside the Q1/2023 Report

Peeking into the Q1/2023 Electricity Report, we spot a gem.

Not one, but two new generation licenses have been introduced. Together, they boast a mighty 723 megawatts (MW) nameplate capacity. Isn’t that something?

A Glimpse of the Authorized Licenses

But wait, there’s more! Out of the total licenses given the nod by NERC, a pair were exclusively dedicated to the Independent Electricity Distribution Networks (IEDN).

Plus, one existing Independent Electricity Distribution license was polished up with an amendment.

Let’s dive a bit deeper:

  • Alausa Power Limited: Nestled in Oregun, Ikeja, Lagos, this off-grid gas-based powerhouse got the go-ahead for a 23 MW license.
  • ABV Utility Limited: Lekki, Lagos, witnessed a 20 MW power generation license being granted.
  • Waltersmith Wonders: Two big approvals came for Waltersmith entities. The Industrial Park Electricity Distribution and the Ugamma Power Company Limited both situated in Ohaji-Egbema, Imo state, got their licenses. Especially noteworthy is the latter, flaunting a massive 200 MW gas-based power generation capability.
  • Zungeru Hydro Electricity: Imagine a license powering up with 700 MW from the heart of Kaduna River, Zungeru, Niger state. This on-grid hydro-based power generation license was indeed one of Q1/2023’s crown jewels.

The Captive Power Generation Scoop

But that’s not all! NERC didn’t stop there.

They approved five captive power generation permits, summing up to 56.77 MW. A quick snapshot:

  • E.T Energy Enterprises Global Limited: An 8 MW captive permit was issued in Enugu State.
  • Rack Centre Nigeria Limited: With 10 MW capacity, this permit finds its home in Oregun, Lagos State.
  • Saipem’s Double Delight: They bagged two permits in Rivers State – 5.14 MW and 10.05 MW.
  • CHI Limited: Their facility in Lagos State is now powered with a 23.59 MW permit.

What’s the Big Deal, Anyway?

We’re not just talking numbers here.

These licenses, both for independent electricity distribution and captive power generation, are game-changers.

Why? Because they’re instrumental in quenching the thirst of Nigeria’s escalating energy needs.

Furthermore, it’s crucial to realize that the 2023 Electricity Act, freshly inked by President Bola Ahmed Tinubu, paves the way for NERC to shower independent power producers with multiple generation licenses.

Both renewable and non-renewable energy sources stand to gain immensely.

The power game in Nigeria is witnessing a transformative phase, thanks to the proactive steps by NERC.

With these licenses, we’re not just illuminating homes but also igniting hopes for a brighter, energy-sufficient Nigeria.

Who knows what the next quarter holds?

for more info do follow / piggybank.ng

FAQs

How many new power generation licenses did NERC issue in Q1/2023?

Ten licenses were issued.

What was the combined capacity of the two new generation licenses?

They had a combined capacity of 723 MW.

Where is Zungeru Hydro Electricity based?

It’s located at Kaduna River, Zungeru, Niger state.

Who received two power generation licenses in Ohaji-Egbema, Imo state?

Waltersmith entities: Industrial Park Electricity Distribution and Ugamma Power Company Limited.

How will these licenses impact Nigeria’s energy scenario?

They will play a vital role in addressing the increasing energy requirements across various Nigerian regions and sectors.


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