A fresh order by the Nigerian Electricity Regulatory Commission (NERC) will, in the next 30 days, create the Nigerian Independent System Operator of Nigeria Limited (NISO), leading to a split of the Transmission Commission of Nigeria (TCN).
The order, marked NERC/2024/45, dated 30 April and signed by the Chairman/CEO, NERC, Sanusi Garba and Vice Chairman, Musiliu Oseni, respectively, stated that within 30 days, the TCN shall conclude the identification and mapping of the assets and liabilities for the system/market operation portion of its business and forward same to the Commission and the Bureau of Public Enterprises (BPE) no later than 30 June 2024.
The BPE shall then, through the National Council on Privatisation, conclude the transfer of all the market and system operation assets and liabilities held by TCN to NISO.
