The Nigerian Electricity Regulatory Commission (NERC) yesterday held a consultative workshop with the new power firm owners on the amendments of the market rules for the transitional and medium term stages of the Nigerian Electricity Supply Industry (NESI).
This is even as the National Power Training Institute of Nigeria (NAPTIN) yesterday presented a total of 243 engineers, among which were 92 generation company trainees, 79 transmission company trainees and 72 distribution company trainees, who just graduated from its Graduate Skills Development Programme (NGSDP) with their certificates .
The Commission had previously presented the draft interim rules to the new owners of the privatised power firms for their inputs, which necessitated another consultative forum to deliberate on amendments and observations made.
The rules are a set of interim binding regulations which will guide all aspects of the electricity market before the Transitional Electricity Market (TEM) is declared on 28 February, 2014. They are necessary because Power Purchase Agreements (PPAs) and vesting contracts cannot be enforced before the transitional market fully takes off.
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