The Nigerian Electricity Regulatory Commission (NERC) has issued two licences to the Alaro Connect Free Zone Enterprise at Alaro City in Epe, Lagos state.
In a statement on Tuesday, the NERC said the licence would enable the enterprise to generate and distribute electricity within the free zone.
The purpose of the first licence, NERC said, is for embedded electricity generation of 10 megawatts capacity at the Alaro City, Northwest Quadrant, Lekki-Epe Expressway, Lagos.
NERC said it granted the second licence “for the purpose of independent Electricity distribution within Alaro City”.
Advertisement
The commission said its legal and compliance division presented the licences to officials of the firm at its headquarters.
In October 2023, NERC had said it licensed 17 independent electricity distribution network (IEDN) providers at the end of 2022.
“All the 11 successor distribution companies (DisCos) have been privatised. Ownership and management of the Discos have been transferred to private investors,” the report reads.
Advertisement
“Additional private distribution company has been licensed in a specified franchised area. 17 Independent Electricity Distribution Networks’ operators have been licenced, of which 10 are operational as at December 2022.”
The commission added that 11 generation companies (GenCos) previously owned by the government have also been privatised.
Add a comment
