Ekiti Set To Be Free From National Grid Calamities, Licences 14 Electricity Firms

By Ayodele Oni

Governor Biodun Oyebanji has announced that Government is making appreciable progress towards achieving energy independence for the State.

The governor, who shared an update on the progress, disclosed that his administration has granted operational licenses to 14 electricity investors.

According to him, the investors include three distribution companies, four generation companies, two mini-grid generation companies, and five

meter asset providers.

He explained that this strategic move will enhance power generation, ensure efficient distribution, and provide reliable metering for Ekiti residents.

Currently, Ekiti receives approximately 20-25 MW from the national grid, which falls short of its estimated requirement of 120 MW.

“Our goal is to reach 130 MW through a robust state grid, reducing our dependency on the national supply and promoting sustainable, locally managed energy solutions.

“This initiative aligns with the 2023 Electricity Law Enactments, which empower states to decentralise electricity markets and license providers to meet local needs better.

”Thanks to everyone who believes in our vision for a brighter, self-reliant Ekiti. Together, we are building a stronger foundation for economic growth, job creation, and an improved quality of life for all our residents.”