The Enugu State Electricity Regulatory Commission, EERC, has assumed full regulatory oversight of the Enugu State electricity market following the lapsing of the transition period for the transfer of regulatory oversight from the Nigeria Electricity Regulatory Commission (NERC) to the state agency.
This development, which makes Enugu the first state to commence the development of a sub-national electricity market in both Nigeria and Africa, also saw the EERC, issue licensees to Main power Electricity Distribution Limited, an EEDC subsidiary set up to take over electricity operations of EEDC in Enugu State effective midnight of Wednesday and the first Independent Power Project, IPP, in Enugu State, to Fedikore Limited, to build a power plant with a nameplate capacity of 10MW.
This followed the enactment of the Enugu State Electricity Law, 2023, and the setting up of the EERC, which saw Enugu State emerge in April this year as the first state to be handed the regulatory power over its electricity market by NERC, but with a six-month transition period, which elapsed on Tuesday.
The EERC is now effectively empowered to fully exercise the constitutional right to develop its electricity sector across the value chain of generation, transmission, distribution, or retailing services, including Mini-Grid and Off-Grid electrification solutions.
The EERC Chairman, Chijioke Okonkwo in his address described the event as a significant milestone and the beginning of the development of sub-national electricity markets not only in Nigeria, or West Africa, but across the African continent.
The Chairman commended the Governor Peter Mbah Administration for zero political interference in the affairs of the Commission.
Speaking, a Board member of Main power Electricity Distribution Ltd, Kester Enwereonu, assured the people of the state a better electricity experience in all ramifications.
On his part, the Founder and MD/CEO of Fedikore Ltd, Dr. Chukwueloka Umeh, described what is happening in Enugu as revolutionary, expressing Fedikore’s joy to partner with EERC.
“The EERC has done a fantastic job in starting this revolution that is about to happen and we are pleased to be a part of it. Fedikore set up last year as the first IPP in Enugu State. We built 4mw plant at 9th Mile to supply power to the Enugu State Water Corporation here in Enugu. So, we are very committed to working with the state, especially given the leadership provided by both the government and the EERC so far. We believe that with the support of EERC, the state and with the partnership with Mainpower, we can do amazing things here to start the industrial revolution that we are talking about for many years. It is possible,” Umeh stated.
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