NERC NEW MINI GRID LAW YIELDS TWO NEW RENEWABLE PROJECTS - FASHOLA

Power minister, Mr. Babatunde Fashola, has disclosed that the new mini grid regulation recently passed by the Nigerian Electricity Regulatory Commission (NERC) to promote investments in the country’s distributed energy market, has resulted in the procurement and development of two new solar power projects, OGN reports.
Speaking at the 19th edition of the monthly power sector operators meeting in Lagos, Fashola disclosed that the NERC had licensed the procurement and development of the two new solar power projects on the back of its inauguration of the regulation. He said one of the projects to be sited in Abuja would provide stable electricity to 145 households and five businesses, while noting that there is another one scheduled for completion and commissioning in Kano shortly.
The regulation, contains a net-metering for very small capacities (typically below 1MW); feed-in tariff for capacities up to 5 megawatts (MW) of solar, 10 MW of wind, 10 MW of biomass, and 30MW of small hydro; as well as competitive tender for capacities above these thresholds to be procured through the Nigerian Bulk Electricity Trading Plc (NBET).
SOURCE: energymixreport.com

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