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Powergen Electrotex Nigeria
2008
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OPPORTUNITIES ARE PLENTIFUL IN NIGERIA’S POWER
SUPPLY INDUSTRY as a whole new source of fast-track funding is being opened up
for the unbundled and ready -for-launch power sector.
The African Development Bank estimated in 2004 that
Nigeria’s installed capacity was 5.900MW. In 2005 a new power holding
company was created; the industry being unbundled into a series of six
different generation companies, eleven distributor businesses and a single HV
transmission company serving them all.
The previous administration of President Obasanjo set a
target to build capacity to 10,000MW. Now the new Government under President
Umaru Musa Yar'Adua is talking of doubling this figure by 2011; with a
particular push taking place within their inaugural year of office to reach
8500 MW.
Construction work is taking place on a dozen mains –
connected plants right now and potential new IPPs are queuing to join in
because they know they will be able to sell profitably every single kWh they
can produce. Despite this, no-one expects output to match demand for 10 years
or more so the requirement for standby generators for both replacement and
first off-sales will continue to grow fast. In addition Nigeria is home to many
of the 250-million people that the World Bank’s Lighting Africa programme
is planned to benefit through the introduction of new technologies. Many
international supply companies are already expressing an interest in this. And
because Nigeria is so large and its economy is so buoyant the country is seen
as one of the most obvious national markets to target.
“Development of the country’s power and
energy sector is going to be the focal point of my administration’s
economic strategy in the immediate future” - President Umaru Musa
Yar'Adua
NIGERIA HAS THE WILL, THE MONEY AND THE PLATFORM TO GET
THE POWER SECTOR MOVING
Exhibitor Profile: Suppliers of high voltage, low
voltage, electronic and alternative energy equipment and technology to the
electrical generating, transmitting and distribution industries.
Visitor Profile: Engineers, specifiers, buyers and
consultants in power generation, transmission, distribution for utilities,
private operators and large users. |
