The Chairman of the West African Power Pool (WAPP) and Managing Director of the Transmission Company of Nigeria (TCN), Mr. Usman Mohammed, has disclosed that Nigeria and its other West African neighbouring countries will begin formal trading in electricity generated within the region from June this year,, THISDAY reports.
Mohammed explained wedneswday in Abuja that the formalisation of the electricity trading arrangement would be done under WAPP and the ECOWAS Regional Electricity Regulatory Authority (ERERA). He added that Nigeria would be able to sell and buy electricity from other West African countries within the arrangement.
At the moment, Nigeria sells electricity generated from her power stations to Benin Republic and Niger Republic. Mohammed however stated at a meeting of the WAPP executives that under this arrangement, the country would be able to sell and buy power from other ECOWAS countries like Ghana and Ivory Coast.
According to him, “WAPP in conjunction with ERERA, the regulatory body for West Africa is hoping to launch the regional electricity market by June 2018. Because of that, there are several sensitisation we are carrying out to sensitise member utilities firms on the plan to kick off the regional electricity market.”