NERC Plots Revocation Of Non-Performing Power Generation Licences | Independent Newspapers Limited
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NERC Plots Revocation Of Non-Performing Power Generation Licences

Posted: Jun 16, 2015 at 1:17 am   /   by   /   comments (0)

By Obas Esiedesa,  Abuja


Following little actions on the 124 power generation licences for about 30gigawatt of electricity issued in the past nine years, Nigerian Electricity Regulatory Commission (NERC) on Monday disclosed that it has begun the review all the licences which would lead revocation of non performing ones.

NERC said all licenses have in-built key performance rating, stressing that all licence holders found to have not delivered on set mile stones, risked losing their licences.

NERC Commissioner, Engineering and Safety, Ibrahim Abbah who made the disclosure in Abuja at a ceremony to present power generation licences to four companies for a combined 724megawatt capacity, said the commission was no longer prepared to accept unsolicited licences.

Abbah, noted that with an energy requirement of 40GW, the 124 licences would have gone a long way in meeting the energy demands of the country, if the licence holders had delivered on their titles.

He explained that those licence holders who have not met the targets set in the terms of the award would have their licences withdrawn, as the commission wants to send out the right message for investors.

He said the challenges faced by the sector is mainly due to the lopsided dependence on a single source of power generation (gas), saying that the commission was shifting emphasises to other sources, especially renewable, to diversify the country’s energy mix.

Earlier, Chairman of the Commission, Dr. Sam Amadi assured consumers that NERC was working hard to ensure improved power generation to increase the number of hours of electricity supply.

Amadi noted that “the major plight of consumers is that they have shorter hours of supply. It should be obvious to everybody by now that the more megawatts we have more supply all things being equal. The ratio between amount of power available to the grid and what consumers experience is a direct relationship.