Nasarawa power licences mark first state-level electricity reforms under Nigeria's 2023 Act for industrial growth The post Nasarawa Power Licences Secured by TetracoreNasarawa power licences mark first state-level electricity reforms under Nigeria's 2023 Act for industrial growth The post Nasarawa Power Licences Secured by Tetracore

Nasarawa Power Licences Secured by Tetracore Energy

2026/05/12 10:00
3분 읽기
이 콘텐츠에 대한 의견이나 우려 사항이 있으시면 [email protected]으로 연락주시기 바랍니다

Nasarawa State has awarded its first electricity generation and distribution licences, marking a major step in Nigeria’s ongoing power sector reforms under the Electricity Act 2023.

Tetracore Energy Group secured the licences during the Nasarawa Investment Summit 2026 in Lafia. Governor Abdullahi Sule presented the approvals to the company’s President and Chief Executive Officer, Dr. Olakunle Williams.

The development reflects Nigeria’s shift toward intrastate electricity regulation, which allows states to license and manage power projects independently.

Gas-fired project supports industrial growth

The licences allow Tetracore to develop a gas-fired independent power project aimed at supporting industrial and commercial activity across key economic corridors in Nasarawa State.

Phase I will deliver 60MW of generation capacity. Tetracore plans to expand output to between 120MW and 150MW as demand increases. The project will initially supply the Nasarawa-Toto, Awe-Obi and Akwanga-Karu-Keffi corridors, where industrial and commercial activity continues to grow.

Tetracore will also build approximately 120 kilometres of distribution infrastructure connected to a broader 162-kilometre 33kV network.

The project should improve power reliability for businesses, reduce dependence on diesel generation and lower operating costs.

Tetracore already operates a 100MW Phase I power plant in Atakabo, Ogun State. The Nasarawa project expands the company’s footprint in Nigeria’s growing private power market.

Governor Sule praised the company’s early mobilisation efforts and said the project aligns with the state’s industrialisation strategy. The summit, held on 6–7 May, focused on sustainable economic development.

Gas integration strengthens energy strategy

Tetracore also signed a Head of Terms agreement with the Nasarawa Investment and Development Agency and the Nasarawa State Government.

The agreement supports the Nasarawa Gas Master Plan, which links energy infrastructure with industrial development through phased electricity delivery and gas integration.

The strategy leverages the Ajaokuta-Kaduna-Kano Pipeline and positions Nasarawa as an emerging regional energy hub.

Williams said the gas-to-power model will support sectors such as mining, agro-processing and manufacturing by aligning generation assets with high-demand industrial zones.

The Nasarawa Project

The Nasarawa project highlights the growing importance of decentralised power development in Nigeria’s energy transition.

For investors, the phased rollout offers insight into how intrastate electricity reforms could unlock opportunities in infrastructure, manufacturing and industrial energy supply across Nigeria’s middle belt.

Investors will closely monitor Tetracore’s expansion and similar projects as indicators of how effectively state-level liberalisation can accelerate private sector participation in Nigeria’s power market.

The post Nasarawa Power Licences Secured by Tetracore Energy appeared first on FurtherAfrica.

시장 기회
The AI Prophecy 로고
The AI Prophecy 가격(ACT)
$0.01301
$0.01301$0.01301
-1.06%
USD
The AI Prophecy (ACT) 실시간 가격 차트
면책 조항: 본 사이트에 재게시된 글들은 공개 플랫폼에서 가져온 것으로 정보 제공 목적으로만 제공됩니다. 이는 반드시 MEXC의 견해를 반영하는 것은 아닙니다. 모든 권리는 원저자에게 있습니다. 제3자의 권리를 침해하는 콘텐츠가 있다고 판단될 경우, [email protected]으로 연락하여 삭제 요청을 해주시기 바랍니다. MEXC는 콘텐츠의 정확성, 완전성 또는 시의적절성에 대해 어떠한 보증도 하지 않으며, 제공된 정보에 기반하여 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다. 본 콘텐츠는 금융, 법률 또는 기타 전문적인 조언을 구성하지 않으며, MEXC의 추천이나 보증으로 간주되어서는 안 됩니다.

No Chart Skills? Still Profit

No Chart Skills? Still ProfitNo Chart Skills? Still Profit

Copy top traders in 3s with auto trading!