The National Electricity Regulatory Commission (NERC) has issued about 20,000 licenses to investors as part of its transformation in order to ensure that between 10,000 to 12,000 megawatts of electricity is realised in the next three to four years.
Chairman of the Commission, Dr Sam Amadi disclosed this yesterday in Minna at a town hall session with some stakeholders, said that the electricity market has been made attractive to both local and international investors as many foreign investors have been received by the commission.
“We are also diversifying by giving more licenses for solar, small hydro, wind farm and asking distribution companies to procure small powers within their communities in order to generate some small megawatts to take care of their immediate environs without going to the national greed.”
Dr Amadi who admitted there were problems which led to failure of power supply in early 80s, said such hassles have been overcome as a result of policy consistency on systematic planning for power, transmission capacity and gas supply between 80-90 percent which now comes directly from gas fire plant as part of reform in electricity generation in Nigeria.
He gave reason why there was no stable power despite the ongoing reform, adding that the process was not well communicated.
He assured that a process of correction has been set up to ensure stable electricity supply in no distant future.