The Nigerian Electricity Regulatory Commission (NERC) has renewed the operating licence of the Nigerian Bulk Electricity Trading Company (NBET) for another three years.
NBET which was set up by the government as a credit worthy off-taker of bulk electricity distributed via the grid to consumers was initially granted a 10-year licence which expired this November.
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The renewal came after a lengthy review of its application and corporate business plan and debate over NBET’s relevance in the industry.
Editor: Hadiza.A.A
