MTN, others get permits to generate electricity

 

MTN, others get permits to generate electricity


Trending today is a report from Punch news concerning companies that have received captive power permits.

Dare from Punch news report.

Golden Penny Power Limited, MTN Communications Nigeria Limited, Havenhill Synergy, and other parties have received permits for mini-grid electricity generation from the Nigerian Electricity Regulatory Commission.

SMAM the New Online Opportunities for Newbies, earning NGN 200K ($200) Monthly

According to the NERC, three new trade licenses and nine new off-grid generation licenses totaling 109.69 megawatts were issued in the first quarter of 2024.

Golden Penny Power Limited was granted permission to construct six off-grid gas plants in the states of Lagos, Oyo, Ogun, and Cross River, according to a commission report. There is a 100MW overall capacity. 


Additionally, MTN was given permission to construct four 15.94MW captive power plants spread around Lagos State.

In addition to MTN, the following companies were allowed to produce captive power: Armilo Plastics Limited, West African Ceramics Limited, African Steel Mills Nigeria Limited, SweetCo Foods Limited, and Royal Engineered Stones Limited. 


“Captive power generation permits are issued to entities that aim to own and maintain power plants for generating power for consumption and not for sale to a third party. The commission issued nine captive power generation permits in 2024/Q1 with a total nameplate capacity of 52.57MW.

Our correspondent gathered that other licensed companies for mini-grids are Daybreak Power Solutions, TIS Renewable Energy Limited, Auro Nigeria Private Limited, Watts Exchange Limited, Centum Dopemu Energy Services Ltd, DMD Electric Limited Lagos State.

Section 165(1)(m) of the Electricity Act 2023 permits the commission to award licence of mini-grid concessions to renewable energy companies to exclusively serve a specific geographical location indicating aggregate electricity to be generated and distributed from a site with the obligation to serve customers to request service.

SMAM the New Online Opportunities for Newbies, earning NGN 200K ($200) Monthly

Under this, the commission said it has continued to encourage the development and utilisation of renewable energy by issuing permits and registration certificates for mini-grid development.

A permit is issued to a mini-grid developer for the construction, operation, maintenance, and where applicable ownership of mini-grids with distribution capacity above 100 kilowatts and generation capacity up to 1MW.

The commission disclosed that it issues registration certificates to a mini-grid developer for one or more systems with distribution capacity below 100kW.

“Following the satisfactory evaluation of mini-grid applications, the commission issued three mini-grid permits and two registration certificates in 2024/Q1,” the NERC stated.

During the period under review, NERC stated that it certified six Meter Service Providers, including four meter installers and two meter manufacturers.

A Meter Service Provider is an entity certified by the commission as a manufacturer, supplier, vendor, or installer of electric energy meters and/or metering systems.

A Meter Asset Provider is an entity that is granted a permit by the commission to provide metering services with roles that may include meter financing, procurement, supply, installation, maintenance, and replacement.

The certified meter service providers are Genobet Limited (installer), Mojec Meter Asset Management (installer), Epagad International Services Limited (installer), Abdulrahman Ahmadu Zubairu (installer), Smart Meters Company Limited (manufacturer), and Crestflow Energy Limited (manufacturer).

SMAM the New Online Opportunities for Newbies, earning NGN 200K ($200) Monthly

The commission also said it issued one regulation and 36 new Orders in 2024/Q1. They include NERC–R–001–2024 — Eligible Customer Regulations, 2024; NERC/2023/023—NERC/2023/033 — Multi-Year Tariff Order 2024 for the Distribution Companies; and NERC/2023/034 — MYTO 2024 for the Transmission Company of Nigeria Plc.

Other are NERC/2023/035 — Order on Performance Improvement Plan of the Transmission Company of Nigeria; NERC/2024/001 — Order on the Regulatory Intervention in Kaduna Electricity Distribution Plc; NERC/2024/004 – NERC/2024/014 — Order on Noncompliance with Capping of Estimated Bill by DisCos for the period January – September 2023; and NERC/2024/016 – NERC/2024/036 — February 2024 Supplementary Order to the Multi-Year Tariff Order for the Discos.

During the quarter, the commission issued 36 orders to guide the activities of licensees.





Disclaimer

Comments expressed here do not reflect the opinions of Trendeta blog or any employee thereof.

Comments

Post a Comment

Popular posts from this blog

Nigerian Youth Protest: How young Nigerians are Turning to a New Online Business, Making NGN 200K Weekly

Image
  Nigerian Youth Protest: How Young Nigerians are Turning to a New Online Business, Making NGN200K Weekly In recent weeks, Nigeria has experienced a series of youth-led rallies highlighting a myriad of socio-economic concerns affecting the nation. The calls for change are loud and obvious, resonating across various industries and demographics. Against this backdrop of unhappiness and the struggle for a better future, many young Nigerians have found an unexpected ray of hope in the form of a new online business opportunity that is bringing in a healthy weekly income of up to 200,000 Naira. It's critical to comprehend the socioeconomic context that gave rise to these protests and the spike in interest in alternate revenue streams before delving into the specifics of this new internet venture. The Current Situation Nigeria, sometimes called the "Giant of Africa," is a country full of promise. However, structural problems like unemployment, corruption, bad leadership, and uns...
Read more

UBC MasterCard Scholarship 2025 in Canada (Fully Funded)

Image
  UBC MasterCard Scholarship 2025 in Canada (Fully Funded) The UBC MasterCard Foundation Scholarship 2025 offers fully funded postgraduate opportunities for African students at the University of British Columbia, Canada. This prestigious scholarship covers tuition, living expenses, and travel costs, focusing on academic excellence, leadership, and commitment to social change.  The Easiest travel Pathway to Relocate Abroad and how to apply Yourself Eligible candidates must be from Sub-Saharan Africa, under 35, and demonstrate financial need and leadership potential. The application deadline is October 31, 2024. The scholarship includes leadership training, mentorship, and community service opportunities. The Easiest travel Pathway to Relocate Abroad and how to apply Yourself For more details and application visit the official page: https://mastercardfdn.scholars.ubc.ca/apply/graduate-admissions-2-2/ Disclaimer Comments expressed here do not reflect the opinions of Trendeta blog...
Read more

FG freezes $37m worth of cryptocurrency traced to suspected #Endbadgovernance protest organisers

Image
  FG freezes $37m worth of cryptocurrency traced to suspected #Endbadgovernance protest organisers The federal government has frozen bitcoin valued at over $37 million that was kept in wallets that were allegedly owned by some of the protest organizers for #EndBadGovernance. According to Premiumtimes, on August 9, Justice Emeka Nwite of the Federal High Court in Abuja issued an order that led to the freezing of the wallets. The Economic and Financial Crimes Commission (EFCC) submitted an application, upon which the court based his decision. The Ex parte motion was filed on August 8 and the assets were identified by the EFCC as proceeds of money laundering and financing of terrorism in the court hearing the same day.    During the hearing, which went like a discussion between the judge and O.S. Ujam, the EFCC's attorney, there was no objection to the application. Start Your Affiliate marketing Business Today Making $50 to $100 Weekly   “That an order of this honourabl...
Read more