Capital raising for power firms now easier, says SEC

POWER generation companies and distribution utilities (DUs) can now raise fresh funds with less difficulty from a public offering through a simplified registration process, the Securities and Exchange Commission (SEC) said on Friday.

SEC Memorandum Circular 4, Series of 2024, issued on February 15 but only made available on Thursday, provides guidelines for Securing and Expanding Capital for PowerGen Operators and Wholesale Electricity and Retail Services (Sec Powers).

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