Nigerian Government Approves Approves 11 New Electricity Generation Licenses. 

The Nigerian Electricity Regulatory Commission has disclosed that it has issued 11 new electricity generation licenses. <br />The approval of 11 new GenCos takes the country’s electricity generating plants to 40 as it had 29 of them- 26 gas plants, and three hydro plants- before the latest addition. <br />The 29 existing plants have a combined 13,461MW capacity, but they have been unable to generate up to 5000MW for some years. <br />Experts say Nigeria needs at least 30, 000MW to reach electricity sufficiency. <br />The NERC also stated in the report that it also renewed two of the existing licenses and transferred one on-grid generation license.