Nasarawa State has awarded its first electricity generation and distribution licences, marking a major step in Nigeria’s ongoing power sector reforms under the Electricity Act 2023.
Tetracore Energy Group secured the licences during the Nasarawa Investment Summit 2026 in Lafia. Governor Abdullahi Sule presented the approvals to the company’s President and Chief Executive Officer, Dr. Olakunle Williams.
The development reflects Nigeria’s shift toward intrastate electricity regulation, which allows states to license and manage power projects independently.
The licences allow Tetracore to develop a gas-fired independent power project aimed at supporting industrial and commercial activity across key economic corridors in Nasarawa State.
Phase I will deliver 60MW of generation capacity. Tetracore plans to expand output to between 120MW and 150MW as demand increases. The project will initially supply the Nasarawa-Toto, Awe-Obi and Akwanga-Karu-Keffi corridors, where industrial and commercial activity continues to grow.
Tetracore will also build approximately 120 kilometres of distribution infrastructure connected to a broader 162-kilometre 33kV network.
The project should improve power reliability for businesses, reduce dependence on diesel generation and lower operating costs.
Tetracore already operates a 100MW Phase I power plant in Atakabo, Ogun State. The Nasarawa project expands the company’s footprint in Nigeria’s growing private power market.
Governor Sule praised the company’s early mobilisation efforts and said the project aligns with the state’s industrialisation strategy. The summit, held on 6–7 May, focused on sustainable economic development.
Tetracore also signed a Head of Terms agreement with the Nasarawa Investment and Development Agency and the Nasarawa State Government.
The agreement supports the Nasarawa Gas Master Plan, which links energy infrastructure with industrial development through phased electricity delivery and gas integration.
The strategy leverages the Ajaokuta-Kaduna-Kano Pipeline and positions Nasarawa as an emerging regional energy hub.
Williams said the gas-to-power model will support sectors such as mining, agro-processing and manufacturing by aligning generation assets with high-demand industrial zones.
The Nasarawa project highlights the growing importance of decentralised power development in Nigeria’s energy transition.
For investors, the phased rollout offers insight into how intrastate electricity reforms could unlock opportunities in infrastructure, manufacturing and industrial energy supply across Nigeria’s middle belt.
Investors will closely monitor Tetracore’s expansion and similar projects as indicators of how effectively state-level liberalisation can accelerate private sector participation in Nigeria’s power market.
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