The recent decision of the Nigerian Electricity Regulatory Commission (NERC) to finally append its seal on the country’s mini grid regulation to allow for investments in smaller power generation projects using mostly renewable energy technologies, have gained the applause of the international renewable body; Power for All, ThisDay reports.
Power for All is a coalition of international partners committed to the use of distributed renewable energy (DRE) to bridge the widening energy poverty gaps in countries across the world, including Nigeria which reportedly has up to 89 million of its population without access to electricity.
Speaking on the development, the Nigerian Campaign Director of Power for All, Ify Malo, explained that regulations had been anticipated by investors who wanted some level of certainty in the sector to be able to proceed with their investments in the country’s DRE market.
Malo stated that the development would now go on to shape the direction of investments in Nigeria’s off grid electricity sector. “I think that the finalisation of the mini-grid regulation is a welcome development and will help shape Nigeria’s off-grid electricity sector going forward,” she said.