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EERC issues electricity generation licence to investor

Published 1 month ago3 minute read

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The Enugu State Electricity Regulatory Commission (EERC) has issued an electricity generation licence to Tempo Power Solutions Ltd for a five mega-watt gas-fired power generation plant in the state.

The plant, said to be the first of its kind in use of modern technology, would serve commercial and residential areas in Enugu metropolis with a possibility of expansion.

Issuing the licence on Thursday in Enugu, the Chairman of EERC, Mr Chijioke Okonkwo, said that the event reflected the growing confidence that private sector players have in the Gov. Peter Mbah’s vision in creating conducive environment for businesses to thrive in the state.

“We acknowledge that this transformation was initiated by the visionary leadership of Gov. Peter Mbah, through the Enugu State Electricity Policy 2023 and enactment of the Enugu State Electricity Law of 2023.

“Following a six-month transition period, we successfully completed the transfer of regulatory oversight from the national regulator (NERC) to EERC on Oct. 22, 2024.

“Since then, we have issued interim licences to Mainpower Electricity Distribution Limited and a 10MW (10 mega-watt) power generation licence to Fedikore Limited; currently working with stakeholders to explore the vast opportunities within the state electricity sector.

“EERC successfully resolved
over 60 customer complaint issues.

“We are reviewing four licence applications, covering generation, distribution and electricity retail,” he said.

Okonkwo said, “It is clear that Enugu State is open for energy business”, adding that EERC wants investors and developers as well as stakeholders in the electricity business to harness the wealth of natural energy resources in the state.

“Our development-focused governor had invested heavily on security of lives and property; invested heavily in network of access roads; solid regulatory framework and doing more to ensure that the state attracts high net worth individuals and businesses.”

He lauded Tempo Power Solutions for swiftly taking advantage of the opportunity offered by the conducive investment climate in the state, engaged an offtaker and successfully completed the
application process for the generation licence.

“Their project is a model of proactive engagement and strategic partnership, and the successful deployment of this five mega-watt (5MW) power plant is a collective win for all of us.

“We are confident that as the market grows, Tempo Power Solutions will continue to scale up its capacity,” he said.

Responding, the Exective Director of the company, Mr Collins Kalabare, appreciated the government and people of the state for envisioning and wanting rapid development by embracing uninterrupted power supply.

“As a reputable and responsible company, we are offering uninterrupted electricity supply, cost reflective tariff and electricity supply meant to add value to commercial and residential concerns as well as grow businesses and general economy of the state.

“I must appreciate the EERC for the professional, business-minded and openness of their processes and operations.

“The process is seamless and you do not need to know anybody.

“EERC is indeed working according to the vision and speed of the governor who, we have learnt, is in a hurry to develop and make Enugu State economy grow and uplift the general status of residents and businesses,” Kalabare said.

Origin:
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The Guardian Nigeria News - Nigeria and World News
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