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NERC to regulate investments in renewable energy

NERC to regulate investments in renewable energy

Punch- November 3, 2015

A regulation to stimulate investments in the generation of 2,000 megawatts of electricity from renewable energy sources by 2020 has been approved by the Nigerian Electricity Regulatory Commission.

The Feed-in Tariff Regulations for Renewable Energy Sourced Electricity in Nigeria, which was approved at the last regulatory meeting of the commission, envisaged that the country would generate at least 1,000MW of power from renewable energy sources by 2018.

Renewable sources are electricity generated from biomass, small hydro, wind and solar.

The NERC Chairman, Dr. Sam Amadi, stated in a statement on Sunday, “With this regulation, we have been able to unlock further investment potential in the country’s power sector. Its major objective is to diversify our sources of electricity and take advantage of our options.”

Link: http://punchng.com/2015/11/3052

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