ABUJA – The Nigerian Electricity Regulatory Commission (NERC) has issued on-grid licences to four companies to generate 774 megawatts (MW) of electricity.
The companies are to generate electricity from solar and gas.
The companies are Pan Africa Solar Ltd., based in Kankia, Katsina State, to generate 24 MW from solar and Nigeria Solar Capital Partners Ltd., based in Ganjuwa, Bauchi State, to generate 100MW from solar.
Others are Proton Energy Ltd., based in Ogorode, Delta, to generate 150 MW from gas and Turbine Drives Ltd., based in Ajaokuta, to generate 500MW from gas.
The Chairman of NERC, Dr Sam Amadi, who presented the licences to the companies in Abuja yesterday, told the companies to abide by the rules of the market.
Amadi said that rules and procedures guiding the operations of the market were globally comparable.
‘We do our best to follow the rules which are globally comparable.
“I want to reassure everybody that NERC over the years has built a reputation of consistent rules making and honest application of rules.
“We can pride ourselves probably as the most transparent agency in this country.
“We will continue in the practice of openness, transparency and consultation by following the rules.’’
He said the commission was ready to support investors who were ready to invest in new energy sources to boost the power sector.
The chairman assured that every company would get a cost reflective tariff as provided in the Electricity Act.
