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FG- Imo: :Regulatory Oversight of The State Electricity Market Is Now Underr ISERC

By Favour Ifeoluwa & Akinola Ajibade  The Federal Government yesterday( Monday) announced the transfer of Regulatory Oversight of the Electricity Market in Imo State to the state electricity regulatory commission, otherwise known as (ISERC). In a statement issued by the Nigerian Electricity Regulatory Common( NERC), the development is in compliance with the amended Constitution of the Federal Republic of Nigeria (CFRN) and the Electricity Act 2023 (Amended), reiterating that all transfers envisaged by this order shall be completed by 31 December 2024. According to the Commission,the transfer Order’s provisions include: “Direct Enugu Electricity Distribution Company (EEDC) to incorporate a subsidiary (EEDC SubCo) to assume responsibilities for intrastate supply and distribution of electricity in Imo State from EEDC, and that EEDC shall complete the incorporation of EEDC SubCo within 60 days from 27th June 2024. The subcompany shall apply for and obtain licence for the in
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Egbin Ties 1000 MW Peak to Industry Support


Egbin Electricity Plants

By Favour & Akinola Ajibade


Egbin Power Plc has disclosed a record-breaking 1000MW power generation, a feat representing a new peak in a 2-year record, Its Chief Executive Officer, Mokhtar Bounour, has disclosed. 

Egbin owns the largest power plant in Nigeria, with a capacity of 1900 megawatts ( Mw) of electricity. 

He said that the company  achieved the feat  through support and cooperation of industry operators and stakeholders.

He lauded the employees for their commitment towards delivering outstanding performance which has consistently enabled the company to make significant contribution to the power sector.

“This remarkable achievement recorded on Sunday June 25, 2023, could not have been possible without the support of industry operators. It is a testament to the fact that collaboration is key to the progress in the power sector.

“At Egbin Power, we have a culture of excellence deeply entrenched in our operations, and we give priority to human capital development, while we pay high attention to quality maintenance of our facility, in addition to our best-in-class health, safety and environment practice.

“At Egbin Power, we will continue to deliver impactful results in the power sector knowing fully well that electricity is crucial in driving industrial development and socio-economic growth. We remain steadfast to our goal of empowering lives and livelihoods because we are committed to our stakeholders,”he explained.

He expressed his company’s commitmentto the goal of increasing the capacity of the plant and to consistently drive sustainability.

Last year, Egbin Power announced a plan for its Phase Two investment expansion plan that is projected to add up to 1,750 megawatts (MW) into the national grid.

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