Business Hilights
Tracking Nigeria's Headline Business News Online

5,000MW by July 1 in new power deal possible—FG

All things being equal, the Nigerian Electricity Regulatory Commission (NERC) has said plans have been concluded for the power sector value chain to deliver a minimum 5,000MW by July 1, 2022.

Executive Chairman of NERC, Mr. Sanusi Garba, stated this as part of deliberations at the second Nigerian Electricity Supply Industry stakeholders meeting which ended in Lagos, yesterday. Garba explained that going forward, there will be commitments among players in the value chain to commit to contracts among themselves in the area of deliverables among all parties involved which will be binding. He said GenCos must commit to gas contracts with gas suppliers while DisCos will also commit to taking electricity generated by Gencos without rejecting them. He added that the transmission infrastructure is capable of delivering above 5,000MW. Garba said going forward, every member of the value chain has a role to play in ensuring that this policy direction works. He warned that an operator found wanting will be penalised during the new power deal to take effect July 1.