The plan of the Nigerian Electricity Regulatory Commission (NERC) to revoke about 100 unutilised licenses issued to power Generation Companies (Gencos) to generate 3,000 megawatts of electricity may create new problems in Nigeria’s already dilapidated power sector, The Sun reports.
The Commissioner in charge of Legal Licence and Compliance, Mr. Dafe Akpeneye, had last week, handed down the warning during a stakeholders’ meeting on the Lagos State Embedded Power Programme in Abuja. Akpaneye said the commission was monitoring the licensed Gencos and added that the commission would not hesitate to withdraw the licences from those who are not utilising them, and allocate same to others who are in position to do so.
A Director with Eko Electricity Distribution Company (Eko Disco), Mr. George Utomi, said that the challenges preventing the 100 Gencos from taking off could be attributed to macro-economic factors. He said the pervading economic atmosphere, which is affecting the operations of the Discos could have been a spanner in the wheel of progress of the Gencos. He explained that fluctuations in the exchange rate also remained a major bottleneck for the smooth operations of Discos and Gencos.topics from