The Deregulation Policy in Nigeria was the galvanizing force behind the establishment of Energy Company Nigeria Limited (ENCON). It was established to undertake Negris’ Independent Power Production (IPP) business in Nigeria, following the emerging opportunities (created by the deregulation policy) in the area of power generation, supply and distribution.

In 1999/2000, ENCON secured the licence from the Ministry of Power and Steel, to operate as an Independent Power Plant provider. At present, ENCON is developing a portfolio of power plants to be operated as IPPs, either on a Build-Own-Operate (BOO) basis or as a Build-Own-Operate-Transfer (BOOT) plan. These plants can be built and commissioned on an “inside the fence” plan for an organization or built to serve a cluster of customers. For instance, ENCON recently commenced the construction of a 30MW Gas Turbine Independent Power Plant in Ikorodu (Lagos State), to provide captive power to customers in the Odogunyan Industrial Estate of the area. This power station is already operational, whilst the second phase of a 70MW upgrade has commenced.

ENCON also has the capability to develop large capacity plants for bulk electricity supply to the grid. This scheme will become appropriate when the operating framework for deregulated electricity supply has been put in place.

The market for the sale of electricity to industrial high load consumers will continue to expand in a growth economy like Nigeria’s. Which is why the location of the Ikorodu IPP was specifically thought out, to provide flexibility for future expansion for grid and off-grid connections.

With the entire energy sector as its operating environment, ENCON continues to identify opportunities, and is developing capabilities and resources, to enhance future growth throughout the West African region.

ENCON’s is positioned to be a total Energy Solutions provider in Nigeria, West Africa, and beyond.