Nigerian Electricity Regulatory Commission (NERC) has on Monday in Abuja issued fresh generation licences to four firms with total generation targets of 774 mega watts of electricity.
In issuing the fresh licences, NERC said it had extracted concrete commitments from the promoters of the four benefiting firms to produce power or be sanctioned.
The companies are Pan Africa Solar Limited, based in Kankia, Katsina State, to generate 24mw from solar, and Nigeria Solar Capital Partners Limited, based in Ganjuwa, Bauchi State, to generate 100mw from solar. Others are Proton Energy Limited, based in Ogorode, Delta State, to generate 150mw from gas, and Turbine Drives Limited, based in Ajaokuta, to generate 500mw from gas.
The licences were presented by Sam Amadi, chairman of NERC.
Meanwhile, the Commission also announced that it has commenced revoking many of the generation licences that it issued which are ‘non-performing.’
The NERC, which reviewed the status of the 120 licences issued since 2006, noted that government had since resolved some of the complaints of the licensees by establishing the Nigerian Bulk Electricity Trading Company (NBET or Bulk Trader) to act as the off taker for the sector.