Ibom Power Company Ltd.

Ibom Power Company Ltd. 191MW gas fired power generating plant located in Ikot Abasi, Akwa Ibom State, Nigeria

AKWA IBOM’S POWER SECTOR UNDER GOVERNOR UMO ENO: PRECEPT, POLICY AND PROGRESSMichael Dada Three years into Governor Umo ...
23/08/2026

AKWA IBOM’S POWER SECTOR UNDER GOVERNOR UMO ENO: PRECEPT, POLICY AND PROGRESS

Michael Dada

Three years into Governor Umo Eno’s administration, Akwa Ibom’s power sector appears to be following a deliberate trajectory.

From the Governor’s early consultations on what should be done, to the development of an electricity policy and legal framework on how to do it, and now to the recent transfer of regulatory oversight, the sector reflects a progression from precept to policy and gradually towards implementation.

This timeline highlights the power-sector reforms under Governor Umo Eno since he took office on 29 May 2023 as the fifth democratically elected Governor of Akwa Ibom State.

On-site assessment of Ibom Power Plant – 3rd July 2023

Just over one month after assuming office, the Governor paid a facility visit to the state-owned Ibom Power Plant on 3rd July 2023 for a firsthand assessment of the company’s operations.

During the visit, the Governor emphasized the need for collaboration between Ibom Power and Savannah Energy as strategic partners. He also identified the need for capacity development for the plant operations and maintenance personnel and requested an operational audit of the Ibom Power Plant.

So, the onsite assessment visit to the Ibom Power plant on 3rd July 2023 was the governor’s first publicly documented interaction with the state’s power sector.

Ibom Dialogue – 27th July 2023

Barely three weeks after the facility visit to the Ibom Power Plant, the Governor organized Ibom Dialogue, a 3-day event to chart the economic roadmap for his administration’s ARISE Agenda.

Discussions on the power sector were held on the third day of the event when former Minister of Power, Professor Barth Nnaji, presented recommendations for sustainable electricity supply in Akwa Ibom State.

Prof. Nnaji recommended the recovery of the 191MW capacity of the Ibom Power Plant, expansion of its current generation capacity, and the concession or privatization of operations under a public-private partnership model in which the state retains a minority stake.

He also recommended the appointment of a consultant to develop a structured framework for Akwa Ibom’s power sector.

This event was held just about three weeks after Governor Umo Eno's visit to Ibom Power, making it one of the earliest initiatives to gather expert input on the future of the state's power sector.

MoU with Savannah Energy - 21st December 2023

Following the Governor’s commitment to collaboration between strategic partners during the tour of Ibom Power Plant and the recommendations from the Ibom Dialogue, Akwa Ibom State Government signed a Memorandum of Understanding with Savannah Energy for an operational audit of Ibom Power Plant.

The key highlights of power sector activities in the first six months of Governor Umo Eno’s administration were assessment, consultation, and strategic partnership.

The Governor conducted an assessment visit to the Ibom Power Plant, engaged industry experts on a roadmap for the state’s power sector reform, and initiated a strategic partnership with a key player in the energy sector.

Ibom Power Demonstrates Island Mode Capability - 2024

One of the notable developments in Akwa Ibom State’s power sector in 2024 was Ibom Power’s Island Mode operation, which was acknowledged by the Transmission Company of Nigeria (TCN) and reported in national media. The islanded operation enabled Ibom Power to generate electricity for supply within Akwa Ibom State during incidents of national grid collapses.

The event became a recurring point of public discussion during the year and highlighted Ibom Power’s potential role in the state’s emerging electricity market.

Leadership Transition – November 2024

In November 2024, the Akwa Ibom State Government announced a leadership transition at Ibom Power, Engr. Meyen Etukudo exited as Managing Director and Engr. Camillus Umoh was appointed as the Acting Managing Director.

Declaration of State of Emergency in the Power Sector – December 2024

By the end of 2024, Governor Umo Eno announced a state of emergency in the power sector. The Governor also outlined plans for a comprehensive reform programme, plans to pass the state’s electricity law, and establish a regulatory framework for the state’s electricity market.

The key developments in the sector in 2024 were Ibom Power’s Island Mode operation, a leadership transition at the company, and the declaration of a state of emergency in the power sector.

Akwa Ibom State Electricity Summit - September 2025

On the 1st January 2025, during his New Year broadcast, Governor Umo Eno stated that the state would hold an Electricity Summit in 2025 as part of efforts to improve the power sector. Following the Governor’s announcement, the Akwa Ibom Electricity Summit was held from the 18th to the 19th September 2025 at the Four Point by Sheraton in Ikot Ekpene, Akwa Ibom State.

At the end of the summit, the Governor unveiled the Akwa Ibom State Electricity Law 2025 and the State's Electricity Policy.

The Governor also outlined a five-step roadmap for the state’s power sector, covering policy and law, regulatory oversight, energy security, electricity market development and rural electrification.

AKSERC nomination & inauguration –
16th April 2026 – 4th June 2026

On Thursday, 4th June 2026, the Governor inaugurated five pioneer commissioners of the Akwa Ibom State Electricity Regulatory Commission (AKSERC).

The Governor had nominated the Commissioners on the 16th of April 2026 and forwarded their names to the state House of Assembly for screening and confirmation.

After confirmation by the Akwa Ibom State House of Assembly, the commissioners were inaugurated, formally establishing the state's electricity regulatory commission.

NERC'S ORDER ON TRANSFER OF REGULATORY OVERSIGHT TO AKSERC - 18th August 2026

Akwa Ibom State formally requested regulatory oversight of its electricity market, following which NERC commenced the process of transferring regulatory functions to AKSERC under the Electricity Act 2023.

The order, which took effect on 18 August 2026, marks a significant milestone in Akwa Ibom’s transition towards a state electricity market.

From 2023 to 2026, the trajectory of Akwa Ibom State’s power sector reflects the precepts behind the reform, the development of policy and the progress made thus far.

The commencement of the transfer of regulatory oversight shifts the focus to implementation, with energy security as the next major step towards achieving the state's vision of improved electricity supply in Akwa Ibom State.

Public Notice
20/08/2026

Public Notice

Congratulations Akwa Ibom State Electricity Regulatory Commission 🎉🥳
20/08/2026

Congratulations Akwa Ibom State Electricity Regulatory Commission 🎉🥳

Working together for the success of Nigeria’s electricity market has remained a central message across conversations and...
04/08/2026

Working together for the success of Nigeria’s electricity market has remained a central message across conversations and engagements within the power sector.

This July edition of Ibom Power's Newsletter highlights key stakeholder engagements and potential areas of collaboration in the emerging Akwa Ibom State Electricity Market.

Safety doesn’t happen by accident. 🦺Ibom power maintains an impeccable record of *Days Without a Lost Time Accident*, *D...
13/07/2026

Safety doesn’t happen by accident. 🦺

Ibom power maintains an impeccable record of *Days Without a Lost Time Accident*, *Days Without a Near Miss* and *zero On-Site Fatality* that continues to position the company as a leader in health and safety across the Nigerian Electricity Supply Industry.

IBOM POWER CHAIRS NERC SAFETY CODE REVIEW PANELIbom Power’s Health, Safety and Environment (HSE) Manager, Iniobong Udofi...
10/07/2026

IBOM POWER CHAIRS NERC SAFETY CODE REVIEW PANEL

Ibom Power’s Health, Safety and Environment (HSE) Manager, Iniobong Udofia, chaired the panel for the reviewed Health and Safety Code for the Nigerian Electricity Supply Industry (NESI) during a stakeholder’s meeting held recently in Abuja.

The biannual HSE meeting brought together HSE and Performance Managers from electricity generation companies, the Transmission Company of Nigeria (TCN) and electricity distribution companies to review industry safety standards, strengthen regulatory compliance and enhance the protection of workers, electricity consumers and the general public.

Speaking at the opening session, the Head of NERC's Technical Regulation Division, Engr. (Dr.) Abu Kadiri, announced the release of the revised Health and Safety Code and urged industry stakeholders to ensure its effective implementation across the electricity value chain.

According to the Commission, the revised Code forms part of its broader strategy to reduce workplace accidents, improve operational safety and reinforce compliance with health and safety standards in the Nigerian Electricity Supply Industry.

In response to the appointment by his colleagues to chair the review panel, Ibom Power’s HSE Manager, Iniobong Udofia said it reflects the confidence reposed in Ibom Power's technical expertise and continued contribution to advancing safety standards in Nigeria's power sector.

Iniobong Udofia was a member of the codification committee of the Nigerian Electricity Health and Safety Code and a former Chairman of the 10-member Nigerian Electricity Health and Safety Committee enforcing HSE regulations in the power sector.

Ibom Power was the only Independent Power Producer on the panel, demonstrating the company’s long-standing commitment to best practices in HSE.

#

According to Nigerian Independent System Operator (NISO's) Monthly Average Generation data for 2026, Ibom Power Company ...
04/07/2026

According to Nigerian Independent System Operator (NISO's) Monthly Average Generation data for 2026, Ibom Power Company Ltd. generated an average of:

⚡ 82.66MW in February
⚡ 68.43MW in May
⚡ 75.08MW in June

These figures are independently reported by the operator of the national grid and confirm that Ibom Power continues to generate and supply electricity to the national grid.

From the inauguration of AKSERC to national reforms shaping the electricity sector, Ibom Power's latest newsletter captu...
01/07/2026

From the inauguration of AKSERC to national reforms shaping the electricity sector, Ibom Power's latest newsletter captures the stories that matter to the future of Akwa Ibom State's emerging electricity market.

A new week means new opportunities to energise, innovate, and make a difference. Let's power through this Monday with pa...
29/06/2026

A new week means new opportunities to energise, innovate, and make a difference. Let's power through this Monday with passion and purpose!

The first major step toward decentralising power sector operations occurred in 2005, when former President Olusegun Obas...
23/06/2026

The first major step toward decentralising power sector operations occurred in 2005, when former President Olusegun Obasanjo initiated the unbundling of the National Electric Power Authority (NEPA), separating electricity generation, transmission, and distribution into distinct entities under the Power Holding Company of Nigeria (PHCN).

The next phase of decentralisation occurred at the legislative level during the Fifth Alteration to the 1999 Constitution, when the National Assembly revisited the constitutional framework governing electricity.

Senator Gabriel Suswam played a significant role in both reforms. As a member of the Constitution Review Committee of the 9th National Assembly, he proposed the amendment that expanded state authority over electricity. Later, as Chairman of the Senate Committee on Power, he sponsored the Electricity Act 2023, which established the framework for implementing those constitutional changes.

Less than two years after its enactment, that landmark legislation is now the subject of a proposed amendment that has triggered pushback from the 15 State Electricity Regulatory Commissions, which have questioned the urgency behind an amendment.

The previous Electric Power Sector Reform Act 2005 (EPSRA) operated for about 18 years before replacement by the Electricity Act 2023. The Electricity Act 2023 did not emerge in isolation rather, it was the culmination of a long, rigorous process.

Meanwhile, there are concerns that the proposed amendment could undermine the broader objective that informed both the constitutional amendment and the Electricity Act 2023 to improve energy access.

According to the 2024 Nigeria Demographic and Health Survey (NDHS), only about 51 per cent of Nigeria’s households have access to adequate electricity.

Whether driven by policy, politics, technology, or rising demand pressures, the proposed amendment should be assessed by whether it expands access to electricity and advances the decentralisation of the sector.

Address

2nd Floor APICO Investment House , Olusegun Obasanjo Way
Uyo

Alerts

Be the first to know and let us send you an email when Ibom Power Company Ltd. posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Shortcuts

Share