Jigawa State Invests in Kano Electricity Distribution Company

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He said the council approved the payment as part of the MoU signed to acquire 500,000 units of KEDCO shares, from Future Energies Africa Limited, the core investors in the power distribution company. “Similarly, the MoU is aimed at ensuring adequate provision of constant electricity supply to all tier 1 Urban Centers and Rural electrification in the State by the year 2028” Mr Ahmad said.

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NERC Transfers Regulatory Oversight of Ogun Electricity Market to State CommissionThe Nigerian Electricity Regulatory Commission (NERC) has issued an order transferring regulatory oversight of the electricity market in Ogun State to the Ogun State Electricity Regulatory Commission (OGERC). The directive, effective immediately, is in line with the Electricity Act of 2023 which mandates states to notify NERC of their plans for intrastate electricity markets and request the transfer of regulatory authority. The order also requires neighboring distribution companies (DisCos) to create subsidiaries for inter-state supply.
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