Tetracore Energy secures Nasarawa's first power licences as gas-to-power push expands

Dr. Olakunle Williams, president and chief executive officer of Tetracore Energy Group, has received the first preliminary electricity generation and distribution licences ever issued in Nasarawa State, marking a major step in the company's expansion across Nigeria's gas-to-power value chain.

The licences, awarded by the Nasarawa State Electricity Regulatory Commission, were formally presented to Williams by Governor Abdullahi Sule on the second day of the Nasarawa Investment Summit 2026 in Lafia. The summit, themed “Bold Transitions: Building a Legacy for Sustainable Futures,” ran from May 6 to 7 and drew government and private-sector leaders to advance investment and infrastructure across the state.

Sule said Tetracore had already commenced preliminary project development activities on the ground, citing the company's execution capacity and long-term commitment to Nasarawa's industrial and energy transformation agenda.

The newly acquired licences position Tetracore to develop a gas-fired Independent Power Project to support rising industrial and commercial electricity demand across Nasarawa's key economic corridors. The project will be delivered in phases, beginning with a 60MW Phase I and designed to expand to between 120MW and 150MW as demand grows across the Nasarawa–Toto, Awe–Obi, and Akwanga–Karu–Keffi corridors. The phased model is intended to keep capacity growth aligned with industrial uptake while improving long-term investment efficiency.

Phase I will also include approximately 120 kilometres of distribution infrastructure, structured around a 162-kilometre 33-kilovolt network designed to serve as the backbone for power supply across targeted industrial and commercial clusters. The build-out is expected to expand access to stable power, helping businesses reduce reliance on diesel generation and lower operating costs.

The Nasarawa development builds on Tetracore's recently commissioned Phase I of its 100MW gas-fired IPP at Atakabo in Ogun State, further extending the company's footprint in Nigeria's evolving gas-to-power sector.

Alongside the licences, Tetracore signed a Head of Terms agreement with the Nasarawa Investment and Development Agency and the Nasarawa State Government to support the development, implementation, and utilisation of the state's Gas Master Plan. The framework outlines a phased, market-driven approach to power and infrastructure delivery and aligns with Sule's vision for gas-led industrialisation, positioning Nasarawa as a strategic energy and industrial hub along the Ajaokuta–Kaduna–Kano gas pipeline corridor.

Speaking at the summit, Williams said the combination of gas supply and embedded power generation represents a practical pathway to industrialisation. By aligning gas infrastructure with power delivery, the company aims to create a reliable energy ecosystem capable of supporting mining, agro-processing, manufacturing, and broader industrial development across the state.

The licences and partnership reflect what Tetracore has described as a corridor-based development model, where high-demand industrial clusters anchor predictable volume and asset utilisation. Williams has built that model in Ogun State and is now extending it into Nigeria's middle belt, with longer-term ambitions across West Africa.

Industrial customers and operators across the Nasarawa corridors can expect more stable power supply, reduced reliance on diesel, and infrastructure aligned with Nigeria's clean-energy transition agenda, according to the company.

The agreements reached at the Nasarawa Investment Summit 2026 mark a significant step toward translating the state's energy strategy into executable projects. With regulatory approvals secured and strategic partnerships in place, Tetracore is positioned to move quickly from planning to execution, contributing to economic growth, job creation, and long-term energy security in Nasarawa State.