WATCH THE VIDEO HERE Ekiti State, in South West Nigeria, has issued licenses 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 licenses 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 licenses 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. “This initiative aligns with the 2023 Electricity Law Enactments, which empower states to decentralise electricity markets and license providers to meet local needs better,” he said.
Ekiti licenses 3 DisCos, 4 GensCos, others, plans off-grid electricity supply – Oyebanji
