Babatunde Fashola has said Nigeria’s power generating companies (GenCos) are now able to produce 7,000MW.
He added that the Transmission Company of Nigeria (TCN), is able to transport all of this power just as it is expanding its capacity daily, adding that the distribution companies have also increased their load taking capacity to 5,000MW.
The meeting was meant to advance the processes on how additional 2000MW could be delivered to industries and homes, as well as the smooth implementation of the eligible customers regulation released in 2017 by the Nigerian Electricity Regulatory Commission.
The regulation gives eligible customers the opportunity to buy stranded power directly from GenCos, just like the Distribution Companies (DisCos) and the Nigerian Bulk Electricity Trading Plc.
“What we gather to do today is to open the window for sales to the Eligible Customers. There can be no better time to explore this option than when there is the inventory of unsold power with the clear promise of more to come,” the Minister said.
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