The then Minister of Power, Works and Housing made a declaration taking effect on 19 May 2017 which allows eligible consumers purchase electrical power from generating companies (GenCos), this declaration was in accordance with section 27 Electric Power Sector Reform Act (EPSRA) 2005
A foreign company interested in setting up a new company, subsidiary or a Joint Venture in Nigeria will need to meet certain basic regulatory framework which will legalize its entry into the country.
Despite the N700 billion and another N600 billion intervention fund to ameliorate the liquidity crisis plaguing the power sector, it is still in murky waters. Along the power value chain we find that gas Generating Companies (GenCos) are unable to pay their suppliers and are currently facing liquidation threats as a result of huge indebtedness …
For a population of about 200 million, Nigeria needs 180,000MW of power, but generates 4,500MW. The transmission company (TCN), which evacuates generated power to distribution companies, has a transmission capacity of 8,100MW, but can evacuate only about half of the current installed capacity. The TCN is the weakest link in the electricity network. As a …
Getting the Deal Through – Renewable Energy is a timely overview of the key legislation and regulation affecting the development of renewable energy and clean power worldwide. Topics covered include: legal definitions of renewable energy and clean power; government and private participants in the renewable electricity sector; frameworks for developing, financing, operating and selling renewable …
An overview of the regulation and business of electricity generation, transmission, distribution and supply, provided by lawyers writing on the markets in their own jurisdictions. Areas covered include: governmental policy, legislative framework and industry overview, government and administrative authorizations, interconnection of generation to the grid, transactions between utilities and their affiliates, access to transmission services …
Since the commencement of Power Sector Reforms in 2005, the Distribution Companies (DisCos) have been unable to satisfactorily meet stakeholders’ expectations in the provision of reliable electricity services to all customers within their coverage areas. DisCos have had little or limited expansion of their networks as such unable to satisfactorily supply electricity to consumers who are connected …
At a telecoms conference in Cape Town, South Africa, Rob Shuter, the CEO of the MTN Group, stated that the Group has put in an application for a Payment Service Bank (PSB) licence, and may launch the bank this year. Although, the PSB has not been launched, and as MTN awaits such PSB licence from the …
In Nigeria, about 60% to 70% of the Nigerian Population have no access to electricity. This persistent power crisis necessitated the government’s interest in alternative energy sources. As a result, the Nigerian government initiated designs to promote investments in renewable energy. Over the years, there have therefore been directional policies on renewable energy, namely: National …
In Nigeria, the Patent and Designs Act (PDA) of 1971 Cap 344 of the laws of the Federation of Nigeria is the substantive law governing Industrial Designs in Nigeria. By the provisions of the PDA, (1) any combination of lines or any combination of colours, or (2) the combination of both lines and colours, or …
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