The Lagos State Electricity Regulatory Commission (LASERC) has revealed plans to commence the pilot rollout of 24/7 electricity franchise zones across Lagos by October 2026 as part of efforts to transform the state’s electricity market. The disclosure was made by the Commission’s Chief Executive Officer, Temitope George, during the commission’s maiden stakeholder engagement at The…
Lagos State government, on Sunday, recorded another significant milestone in its electricity reform journey with the signing of Power Purchase Agreements (PPAs) and concession arrangements with key Independent Power Producers (IPPs). The ceremony, presided over by Governor Babajide Olusola Sanwo-Olu at Lagos House, Marina, formalised agreements with Mainland Power Limited, Fenchurch Power Limited (in partnership…
The Nigerian Electricity Regulatory Commission (NERC) has confirmed that 15 states have assumed full regulatory authority over their electricity markets under the framework of the Electricity Act 2023, marking a formal shift in Nigeria’s decentralised power sector governance. The commission said the development effectively changes the country’s electricity regulatory structure, with affected states now responsible…
The Nigerian government has announced that the country now exports locally manufactured solar panels to Ghana. The federal government stressed that the country’s electrification model is increasingly being recognized across the continent. According to the government, Nigeria now has potential for solar deployments in border communities to support cross-border electricity trade, strengthening regional integration and…
Nigeria’s Minister of Power, Adebayo Adelabu, on Tuesday presents a comprehensive report to president Bola Tinubu at the Presidential Villa, on his stewardship of the power sector over the past two and a half years. During the meeting, the Minister outlined key milestones recorded under his leadership, including efforts to stabilise electricity generation, strengthen transmission…
Lagos State is currently developing four strategic electricity generation hubs under its Clean Lagos Electricity Market plan, designed to support up to 4,000MW of gas-fired power. These hubs, aimed at bridging the power deficit from the national grid, will each host projects with a minimum generation capacity of 500MW. Each of the four hubs is…
The Nigerian Electricity Regulatory Commission has ordered the Transmission Company of Nigeria to reduce transmission lossesacros s the national grid to 6.5 per cent by December 31, 2026, as part of measures aimed at improving efficiency and transparency in the electricity transmission network. In an order dated April 8, 2026, the commission said the directive…
This was contained in a statement made available to our correspondent by the agency on Sunday. According to the statement, the agency announced that N7.95bn was released to Havenhill to finance critical equipment for four mini-grid power projects across the three states. It also disclosed that N1.056bn was disbursed to Faraday & Otstred Limited for…
President Bola Tinubu has approved a N3.3 trillion payment plan to settle longstanding debts in Nigeria’s power sector under the Presidential Power Sector Financial Reforms Programme. The approval was disclosed in a statement signed by the President’s spokesperson, Bayo Onanuga, on Sunday. The move follows a final review of legacy debts that have plagued the…
The Transmission Company of Nigeria on Friday knocked the Port Harcourt Electricity Distribution Company over claims on the nation’s transmission capacity, describing figures cited by the DisCo as inaccurate and outdated. PHEDC, in a fact file shared on Thursday, explained that Nigeria’s electricity value chain comprises gas suppliers, generation, transmission, distribution, and end users. It…
