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Nigerians Can Now Buy And Sell Electricity (2 MW Minimum) - Fashola - Politics - Nairaland

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Nigerians Can Now Buy And Sell Electricity (2 MW Minimum) - Fashola by Nobody: 3:52pm On May 10, 2018
Speaking on the electricity supply situation in the country, Minister of Power, Babatunde Fashola has announced that people are now free to set up independent power generation companies “without necessarily requesting for license.”

Fashola, who made the announcement while on an inspection of Federal works in Jigawa State, stressed that the Federal Government is encouraging the private sector to invest in generation and selling of power to the public.

He said, “Any interested individual or company can set up power generation from two megawatts downwards and sell it to public without requesting for any licence.

“We are encouraging people to set up small power generation and sell it according to their capacity, not necessarily going for big projects that require huge amount of money and expertise”.

Source: http://zikistmovement.igbodefender.com/2018/05/10/nigerian-individuals-can-now-buy-and-sell-electricity-fashola/

56 Likes 11 Shares

Re: Nigerians Can Now Buy And Sell Electricity (2 MW Minimum) - Fashola by Nobody: 3:54pm On May 10, 2018
Lalasticlala
Blue3k
Igbo businessmen in da house
Nairalanders in general

38 Likes 2 Shares

Re: Nigerians Can Now Buy And Sell Electricity (2 MW Minimum) - Fashola by anibirelawal(m): 4:02pm On May 10, 2018
For real?

5 Likes 2 Shares

Re: Nigerians Can Now Buy And Sell Electricity (2 MW Minimum) - Fashola by three: 4:02pm On May 10, 2018
Nothing prevented this before now.

The Power act states that anything above 10MV must be pushed into the grid.

Which is why Lagos was able to do the Marina IPP that supplies public facilities (general hospital, state House, street lights etc).

This >10MV arrangement meant that as many people in say Gbagada and environs could be placed on one IPP.

Imagine several across Nigeria!

The ONLY challenge is that the distribution infrastructure belonged/belongs to the government (then) DISCO (now), so this arrangement is best for semi private estates like VGC that can deploy their own distribution infrastructure at scale.

[addition]

Imagine that Industrial estates are able to collocate power generation and therefore remove themselves from the National Grid for cheaper more predictable power (already happening in some places) and thus freeing up available generated power for others!

This people is why you usually have better power supply on holidays! The factories are usually down on holidays!

186 Likes 8 Shares

Re: Nigerians Can Now Buy And Sell Electricity (2 MW Minimum) - Fashola by deomelo: 4:23pm On May 10, 2018
three:
Nothing prevented this before now.

The Power act states that anything above 10MV must be pushed into the grid.

Which is why Lagos was able to do the Marina IPP that supplies public facilities (general hospital, state House, street lights etc).

This >10MV arrangement meant that as many people in say Gbagada and environs could be placed on one IPP.

Imagine several across Nigeria!

The ONLY challenge is that the distribution infrastructure belonged/belongs to the government (then) DISCO (now), so this arrangement is best for semi private estates like VGC that can deploy their own distribution infrastructure at scale.


...the law did not allow Lagos state to commercialize or sell directly to residents.

19 Likes

Re: Nigerians Can Now Buy And Sell Electricity (2 MW Minimum) - Fashola by three: 5:20pm On May 10, 2018
deomelo:



...the law did not allow Lagos state to commercialize or sell directly to residents.

Have you heard of NESCO in Jos?

They've been selling directly to residents since 1929

100 Likes 4 Shares

Re: Nigerians Can Now Buy And Sell Electricity (2 MW Minimum) - Fashola by SalamRushdie: 5:25pm On May 10, 2018
I have mixed feelings about this but it will be the fastest way to to solve the inefficiencies of The DISCO...just imagine the whole if Lekki phase one be served by 3 of such companies ..no enjoyment be that na

5 Likes 1 Share

Re: Nigerians Can Now Buy And Sell Electricity (2 MW Minimum) - Fashola by deomelo: 5:30pm On May 10, 2018
three:


Have you heard of NESCO in Jos?

They've been selling directly to residents since 1929


I was talking about Lagos state/A state, not a government regulatory agency.


Btw, NESCO is a government agency.


Nigerian Electricity Supply Corporation (Nigeria) Limited (NESCO)

17 Likes

Re: Nigerians Can Now Buy And Sell Electricity (2 MW Minimum) - Fashola by deomelo: 5:38pm On May 10, 2018
This policy is the END of the DISCOs.

8 Likes 1 Share

Re: Nigerians Can Now Buy And Sell Electricity (2 MW Minimum) - Fashola by three: 5:42pm On May 10, 2018
deomelo:



I was talking about Lagos state/A state, not a government regulatory agency.


Btw, NESCO is a government agency.


Nigerian Electricity Supply Corporation (Nigeria) Limited (NESCO)

It isn't a goverment agency. Don't get distracted by the Nigeria prefix

Checkout Nigeria Electricity Regulatory Commission's guidelines for Independent Electricity Distribution Networks

www.nercng.org/nercdocs/NERC-Regulation-for-IEDN-2012.pdf

23 Likes

Re: Nigerians Can Now Buy And Sell Electricity (2 MW Minimum) - Fashola by deomelo: 5:52pm On May 10, 2018
three:


It isn't a goverment agency. Don't get distracted by the Nigeria prefix

Checkout www.nercng.org/nercdocs/NERC-Regulation-for-IEDN-2012.pdf



What's their full name without abbreviations and also their website..

7 Likes 1 Share

Re: Nigerians Can Now Buy And Sell Electricity (2 MW Minimum) - Fashola by VampireeM(f): 6:21pm On May 10, 2018
I wonder what our tax deductions are being used for in this country since the citizens has taken up govt responsibilities. We fund and provide for our every basic amenities undecided

88 Likes 7 Shares

Re: Nigerians Can Now Buy And Sell Electricity (2 MW Minimum) - Fashola by Nobody: 6:21pm On May 10, 2018
We don't want to buy and sell
We just want 24hrs supply
Non stop.

34 Likes

Re: Nigerians Can Now Buy And Sell Electricity (2 MW Minimum) - Fashola by cosmatika(m): 6:22pm On May 10, 2018
Singing in monkey's voice;

After the election wey them do, them do, them do, we still dey wait for the change, the change, the change.
All the promise wey dem makeo, dem make, dem make, e don dey be like say na fake, na fake, na fake.

36 Likes 1 Share

Re: Nigerians Can Now Buy And Sell Electricity (2 MW Minimum) - Fashola by oshe11: 6:22pm On May 10, 2018
Electricity when we never get nai we wan SELLshocked

13 Likes 3 Shares

Re: Nigerians Can Now Buy And Sell Electricity (2 MW Minimum) - Fashola by victorazyvictor(m): 6:22pm On May 10, 2018
I sold N1kobo light today grin

4 Likes 1 Share

Re: Nigerians Can Now Buy And Sell Electricity (2 MW Minimum) - Fashola by owomida1: 6:23pm On May 10, 2018
Fashola is learning werk from I go die abi

3 Likes

Re: Nigerians Can Now Buy And Sell Electricity (2 MW Minimum) - Fashola by willibounce1(m): 6:23pm On May 10, 2018
this man has turned into a comedian

13 Likes

Re: Nigerians Can Now Buy And Sell Electricity (2 MW Minimum) - Fashola by worlexy(m): 6:23pm On May 10, 2018
Confused set of people, they are now shifting the responsibilities on others. Very soon they will be saying, "we don't have light cos people have refused to generate power "

58 Likes 1 Share

Re: Nigerians Can Now Buy And Sell Electricity (2 MW Minimum) - Fashola by wellmax(m): 6:24pm On May 10, 2018
Welcomed development.

2 Likes

Re: Nigerians Can Now Buy And Sell Electricity (2 MW Minimum) - Fashola by horsepower101: 6:24pm On May 10, 2018
Ndigbo NO More excuses.

This is a chance to set up industrial clusters and supply independent/ embedded power to them.

25 Likes 4 Shares

Re: Nigerians Can Now Buy And Sell Electricity (2 MW Minimum) - Fashola by kaykaymcb(m): 6:24pm On May 10, 2018
Contact me for your premium logo for your business...For proof of my work, click the link in my signature.
Re: Nigerians Can Now Buy And Sell Electricity (2 MW Minimum) - Fashola by Awoo88: 6:25pm On May 10, 2018
Kukuma take style tell everybody to buy a generator

35 Likes 1 Share

Re: Nigerians Can Now Buy And Sell Electricity (2 MW Minimum) - Fashola by franchasng: 6:25pm On May 10, 2018
Good news
Re: Nigerians Can Now Buy And Sell Electricity (2 MW Minimum) - Fashola by MrGreenMavro: 6:25pm On May 10, 2018
cheesy

we have bn doing that before now..i buy fuel for my Gen, my neigbours tap and pay me a token monthly to support fuelling, those wey con charge fone frm outside pay me #50 pa fone

78 Likes 4 Shares

Re: Nigerians Can Now Buy And Sell Electricity (2 MW Minimum) - Fashola by MrImole: 6:26pm On May 10, 2018
Fashola ole

1 Like 1 Share

Re: Nigerians Can Now Buy And Sell Electricity (2 MW Minimum) - Fashola by Nobody: 6:26pm On May 10, 2018
na people way get already go sell na those way never get unko??

1 Like

Re: Nigerians Can Now Buy And Sell Electricity (2 MW Minimum) - Fashola by poseidon12: 6:27pm On May 10, 2018
That is great if it is actually implemented. That means that people with big generators can sell power to the national grid. Same for people with big Solar power installations.

1 Like

Re: Nigerians Can Now Buy And Sell Electricity (2 MW Minimum) - Fashola by hectorswag(m): 6:27pm On May 10, 2018
It’s a nice idea but who sets the prices? Is there a regulatory body set up for it? When can we start buying? I really hope it works if it’s true and not some other failed promise.

1 Like 1 Share

Re: Nigerians Can Now Buy And Sell Electricity (2 MW Minimum) - Fashola by soberdrunk(m): 6:29pm On May 10, 2018
Wow!!! I guess it is time i start discussing "power" business with my Japanese friends, not every time Russian granny porn..... It is a welcome development and i personally reckon it will improve the power sector....... angry
Re: Nigerians Can Now Buy And Sell Electricity (2 MW Minimum) - Fashola by kokomilala(m): 6:30pm On May 10, 2018
A succinct way of putting discos,particularly,the inefficient ones out of business. Just the way cyber cafes,phone call centre businesses went into extinction.

10 Likes 2 Shares

Re: Nigerians Can Now Buy And Sell Electricity (2 MW Minimum) - Fashola by Nobody: 6:31pm On May 10, 2018
But when an Igbo man starts this business now, FG will hurriedly set up a commission to destroy it.

32 Likes

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