Key questions this article answers:
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Nigerian Electricity Regulatory Commission (NERC) granted Ibom Power a licence to build and operate electricity distribution infrastructure in Akwa Ibom state. What does this mean?
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Ibom Power’s new licence is a threat to distribution companies. But is it a win for Nigerians in Akwa Ibom?
Another day, another alternative power source for Nigerian consumers.
Last week, the Nigerian Electricity Regulatory Commission (NERC) granted Ibom Power, an electricity generation company owned by the Akwa Ibom state government, a licence called the Independent Electricity Distribution Network (IEDN) licence.
This licence grants Ibom Power rights to build and operate its own distribution infrastructure, not directly connected to the national grid, to serve parts of Akwa Ibom state.
This isn’t the first time the IEDN licence has been granted. For instance, the Ikeja-based Energy Company of Nigeria has an IEDN licence.
But Ibom Power currently supplies electricity to the
