Ekiti licenses three DisCos, four GensCos, others, plans off-grid electricity supply — Oyebanji
Ekiti State, in South West Nigeria, has issued licences to three electricity distribution companies (DisCos), four generation companies (GensCos), and two mini-grid generation companies as part of its plans to implement an off-grid electricity supply system.
Governor Biodun Oyebanji made this announcement on his official X-handle on Thursday.
Additionally, the state-licensed five-meter asset providers to work toward generating and distributing 130 MW of electricity to residents.
According to Oyebanji, a total of 14 licences were issued to electricity investors as part of efforts to reduce dependency on the national grid and promote sustainable, locally managed energy solutions.
“I am pleased to share an update on the progress we are making in Ekiti towards achieving energy independence.
We have granted operational licences to 14 electricity investors, which include :
3 distribution companies, 4 generation companies, 2 mini-grid generation companies, and 5 meter asset providers.
“This strategic move will enhance power generation, ensure efficient distribution, and provide reliable metering for our residents.
“Currently, Ekiti receives approximately 20-25 MW from the national grid, which falls short of our estimated requirement of 120 MW. Our goal is to reach 130 MW through a robust state grid, reducing our dependency on the national supply and promoting sustainable, locally managed energy solutions,” the governor said. Furthermore, Oyebanji stated that the licensing aligns with the 2023 Electricity Law, which empowers states to generate and distribute their own energy supply to residents.
The governor emphasised that this initiative will address local energy needs while fostering the growth of the electricity market within the state.
“This initiative aligns with the 2023 Electricity Law Enactments, which empower states to decentralise electricity markets and licence providers to meet local needs better,” he said.
