Business Hilights
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Green Energy Group secures NERC’s licence to generate 40MW

…As generation continues momentary drop, hits 1,431.1MW low

More private sector investors have continued to cash in on the energy crisis bedeviling the economy as the Nigerian Electricity Regulatory Commission (NERC), has issued a licence to Green Energy International Limited for the generation of 40 megawatts of electricity.
GEIL is the operator of the Otakikpo marginal field for embedded power generation on 40MW plant.
In an interview, the Director, Corporate Affairs at GEIL, Olusegun Ilori, noted that the licence given to Green Energy by NERC was part of the measures aimed at growing the country’s power generation.
He added that the licence was sequel to the company’s application for it, saying the licence would enable the company to utilise its gas resources for power generation as part of its commitment to the Federal Government to use the gas from the marginal field for power and domestic gas projects.
Business Hilights gathered that the recent application for upgrade from 12MW to 40MW was sequel to projected power generation capacity to 40MW which is expected to jump from the increase in associated gas that would be produced from enhanced oil production during the second phase of the Otakikpo field.
However, as more private sector players are deepening investments in power generation, transmission crisis rocking the sector seems unabated as the total quantum of electricity on the country’s power grid dropped by 1,431.1MW within two days.
Checks from the Federal Ministry of Power, Works and Housing midweek showed that grid power dropped from a peak of 4,804.1MW on June 10.