1,653MW of power generation licences risk cancellation

0
101

About nine electricity generation permits to add 1,653 megawatts (MW) to the grid could be revoked by the Nigerian Electricity Regulatory Commission (NERC) for failing to be put to use or were not renewed after 10 years of their issuance, ThisDay reports.

It was 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 list of power generation licences holders however indicated that NERC might have cancelled two licences which were not renewed by their owners when they expired in April. The licences 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 licence held by Bresson A.S. Nigeria Ltd for an on-grid generation project in Magboro, Ogun State.