Kano, Katsina, Jigawa States to establish first tri- state electricity market in Nigeria

By Clement Ezeolisah 

 A novelty is coming into the Nigerian Electricity Market with the possible introduction of the first tri – state electricity market in in the nation. While several states in Nigeria are bracing up to own and operate their own state electricity market, three states in the Northwest; Kano, Katsina and Jigawa have signed agreement to establish the first tri – state electricity market.

 The plan to establish this novel tri – state electricity market, according to the Head, Corporate Communications, KEDCO, Bala Sani, has been endorsed by the governors of the three states who met in a high level Electrification Summit in Morocco, last week. The three states would be exploring joint regulatory framework for an effective and efficient tri – state electricity market in accordance with the Electricity Act, 2023.

 

The three state governors also agreed to raise N50 billion Electrification Fund to expand electricity access in the states through grid extension, embedded generation as well as renewable energy projects which would include solar home systems and mini grids.

 

Another high point of the summit was the resolution by the three state governments to take up equity stakes in Future Energies Africa, the core investor in Kano Electricity Distribution Company, KEDCO, which has franchise over the three states.