THE Nigerian Electricity Regulatory Commission (NERC) yesterday announced that it has commenced revoking many of the generation licences that it issued which are ‘non-performing.’ The commission, 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. Also, the Presidency has pledged to garner the necessary investments to improve the wheeling capacity of the nation’s transmission infrastructure. Vice President, Yemi Osinbajo, who made the pledge, stressed how the new government would focus attention on improving the supply of gas to power plants, which will ensure sufficient gas supply. This, he hopes, would help maximize 13,000mw of generating capacity immediately. Despite lamenting that many of the licences were yet to move from being mere papers to ...
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