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
By Favour & Akinola Ajibade Egbin Power Plant has emerged champions at the fifth edition of Saharalympics Games, organised by the Sahara Group, an energy conglomerate with special interest in generation, distribution and allied areas. The firm, in a statement made available to the News Mirror recently, said Egbin for the second clinched the highest gold medals in many sporting activities at the event. It said that the games were keenly contested by five entities namely Asharami Energy, Ikeja Electric, Egbin Power, Asharami Synergy and Sahara Group Limited. Speaking at the finals held at the University of Lagos Sports Complex, the Chief Executive Officer, Egbin Power, Mokhtar Bounour, said team work, dedication and consistency, combined together gave Egbin the much needed victory. Bounour said" Our emergence as Champions in this 5 th edition of Saharalympic has shown that Egbin is on top of its performances in job and sport. Adding that: “This victory is dedic