The Enugu State Electricity Regulatory Commission has assumed full regulatory oversight of the Enugu State electricity market.
This followed the lapsing of the transition period for the transfer of regulatory oversight from the Nigeria Electricity Regulatory Commission to the state agency.
With the development, Enugu has become the first state to develop a sub-national electricity market in Nigeria and other parts of Africa.
It empowers the EERC to issue licences to Mainpower Electricity Distribution Limited, an EEDC subsidiary set up to take over electricity operations of EEDC in Enugu State as from Wednesday.
It is also the first Independent Power Project in Enugu State to build a power plant with a nameplate capacity of 10 megawatts.
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