Eko Electricity Distribution Plc has concluded plans to acquire up to 474 megawatts of power directly into its network in an unprecedented embedded power generation initiative, The Punch reports.
This move, the firm said in a statement this week, would more than double its current allocation from the national grid. The embedded generation programme involves the construction of smaller sized plants in generating electricity that is connected to and evacuated through the distribution network infrastructure.
The programme which has been submitted to the Nigerian Electricity Regulatory Commission (NERC) for approval will go a long way in alleviating the shortage of power supply from the grid which has been rather unstable and epileptic in recent times, the firm said.
To achieve this, the EKEDP said it extended invitation bids to budding power generating companies and in return, received over 50 letters of interest out of which 14 companies were adjudged as adequate in possessing the technical and commercial capacity to participate in the first phase of the EKEDP’s embedded generation programme.
Following the receipt of NERC approval on the submissions tendered, the EKEDP said it would then invite approved companies for final negotiations leading to the signing of Power Purchase Agreements with them.