- The Nigerian Electricity Regulatory Commission announced the approval of power generation and a licence to operate an independent power plant in Ariaria market
- NERC issued power generation and distribution licences to two firms to independently generate and distribute 9.5 megawatts of electricity in the popular Ariaria market
- The regulator issued the power generation licence to Ariaria Market Independent Power Plant Limited
- Ariaria Independent Energy Distribution Network Limited got the right to distribute the embedded electricity
In pursuit of overriding public interest, the Nigerian Electricity Regulatory Commission (NERC) has approved a 9.5 megawatts (MW) embedded electricity generation and distribution licence to two firms, The Cable reports.
The two firms are to provide electricity for the popular Ariaria market in Aba, Abia state.
Ariaria Market, popularly known as ‘China of Africa’, is a major market, not only in the South-eastern part of Nigeria, but also in the West African sub-region.
An open-air market, without solid structures, it is reputed to be a home for wears, leather works, among others.
The head of NERC media unit, Vivian Mbonu, said the commission issued power generation licence to Ariaria Market Independent Power Plant Limited while Ariaria Independent Energy Distribution Network Limited got the right to distribute the embedded electricity in the market.
She said the licences were issued in line with the Electric Power Sector Reform (EPSR) Act 2005 after careful consideration of the applications in public interest to promote access to electricity and impact positively on the outputs of industries in the area.
The statement read: “NERC, in pursuit of overriding public interest , has granted a 9 .5 MW embedded electricity generation licence to Ariaria Market Independent Power Plant Limited and an Independent Electricity Distribution Licence to distribute same within the Ariaria Market to Ariaria Independent Energy Distribution Network Limited.
“The licences, issued in line with Section 71(6 ) of the Electric Power Sector Reform Act , 2005, were granted after careful consideration of the applications in the public interest to promote access to common good and to promote commercialisation and industrialisation for which Ariaria, a leading commercial hub in the country , is reputed.
“Both licences granted to Araiaria were affirmation of the commission ’s commitment and response to the long- time yearnings of the market for a stable , reliable and sustainable electricity supply to improve the quality of goods and services by Nigerian enterprises and entrepreneurs.”
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Legit.ng previously reported that over two months after the Nigerian government’s efforts to stabilise electricity and ensure stability, the country’s power grid reportedly collapsed twice between April 12 and 14, according to the power ministry’s figures.
Figure from the power, works and housing ministry in Abuja on Monday, April 16, showed that the grid recorded partial collapses.
The report said the generated power on the grid dropped from a high of 3,946.5 megawatts on April 11, to as low as 351.3MW on April 12, which was the lowest quantum of grid electricity recorded in past two months.
Nigerian electricity crisis explained - on Legit.ng TV