MTN Nigeria, the largest telecommunications company in Nigeria led by leading business executive Karl Toriola, has received permits from the Nigerian Electricity Regulatory Commission (NERC) to generate mini-grid electricity.
The permits, issued in the first quarter of 2024, authorize the telecommunications giant to establish four captive power generation plants in Lagos State, totaling 15.94 megawatts in capacity. This is part of a broader strategy to advance renewable energy and off-grid solutions in Nigeria.
In addition to MTN Nigeria, NERC has granted licenses to several other companies, including Golden Penny Power and Havenhill Synergy. A total of nine new off-grid generation licenses were issued during the first quarter, with an overall capacity of 109.69 megawatts. The commission also granted three new trading licenses.
Captive power permits issued to firmsGolden Penny Power was approved to build six off-grid gas plants across Lagos, Oyo, Ogun, and Cross River states, with a total capacity of 100 megawatts. Additional permits for captive power generation were granted to Sweetco Foods Limited, African Steel Mills Nigeria Limited, West African Ceramics Limited, Royal Engineered Stones Limited, and Armilo Plastics Limited.
