Seven years ago, I recall a Nigerian with a vested interest in the energy sector casually stating that every Nigerian is an ‘energy generation company’.
Originally published in the ESI Africa weekly newsletter on 2018/11/07 – subscribe today
At the time, Nigerian households, businesses and rural communities alike, would generate their own electricity from various sources – but mainly kerosene and diesel.
Fast forward to 2018: the country has, to a degree, successfully unbundled its electricity supply industry and is taking impressive regulatory and investor-attraction steps to nurture this environment.
The federal government has initiated policies such as the Meter Asset Provider and the Eligible Customer aimed at improving service quality in the power sector. This presents a massive opportunity to close the metering gap.
Next week, on 13-14 November, industry public and private sector stakeholders are attending the 15th edition of the Future Energy Nigeria conference and exhibition at Eko Hotel in Lagos. This year I predict heated debate during the sessions over whether grid-tied or gridless investment is the better option for ROI, economic growth, and supporting climate change and energy access.
According to the organiser, Future Energy Nigeria 2018 will present practical solutions that will have an immediate impact on the performance of utilities and large power users, and where experts in renewable, mini-grids and gas-to-power will share their insights.
Sounds like the place to be, even if you aren’t staking a project in Nigeria; the country is an ideal living case study into a developing nation traversing an energy sector revolution.
It is here that the trending innovations in decentralised renewable energy, finance and funding, solar projects, off-grid growth, national regulation and policy, and strategies to increase revenue collection of the 4,000MW of electricity generated will be covered.
I look forward to hearing from attendees on what they have learnt in order to prepare their companies to take up the opportunities that this market, and other developing nations, presents.
Fortunately, there is still time to register your attendance here.
Author: Nicolette Pombo-van Zyl, editor of ESI Africa
Read the previous note from the edtior here: Megaprojects remain in vogue