Tomorrow, 22nd October 2024 marks the making of history in the Nigerian Electricity Supply Industry (NESI) in Enugu State as it marks the end of the transition period for the transfer of regulatory oversight from the Nigeria Electricity Regulatory Commission (NERC) to the Enugu State Electricity Regulatory Commission (EERC). This historical event is a strong affirmation of the States’ constitutional right to develop the electricity sector in their States, across the value chain of generation, transmission, distribution, or retailing services, including Mini-Grid and Off-Grid electrification solutions.
As the foremost State to initiate and drive this process under the leadership of His Excellency, Dr. Peter N. Mbah, Enugu State has again emerged the first State to commence the development of a sub-national electricity market in Africa as EERC not only assumes regulatory oversight but will also issue licenses. A distribution license will be issued to the Distribution Company known as Mainpower Electricity Distribution Limited, incorporated to take over EEDC’s operations in the State, and a generation license to the first Independent Power Producer in Enugu State named Fedikore Limited for a capacity of 10MW.
Starting tomorrow 22nd October 2024, EERC is inviting electricity investors, developers, financiers and service providers to take advantage of numerous opportunities in the evolving electricity sector and establish their businesses in the State, based on the willing buyer willing seller arrangement backed by effective power purchase agreements. Service providers will be expected to recover the cost of delivering that service with a reasonable return on their investment while customers can expect a high level of service delivery that is reliable, accountable and sustainable.
Signed
Chijioke Okonkwo
Executive Chairman,
Enugu State Electricity Regulatory Commission, EERC
