Future Energy Nigeria Logo

10 – 11 November 2020
Lagos, Nigeria

Supported by

MInistry of Power

Sectors

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Sectors

SECTORS

Future Energy Nigeria brings together the key stakeholders within the power value-chain, which includes governments, power generation companies, transmission and distribution companies, developers, investors, technology providers, EPCs and consulting firms all with a shared goal of supporting the on-going implementation of finding lasting solutions to Nigeria’s energy challenges.

Find more information about the sectors we cover. Our content is geared to cover these topics and attract your target audience from these sectors.

 WHY EXHIBIT         WHO WILL YOU MEET

GENERATION

Gas-to-power remains one of the largest sources of power for Nigeria. Nigeria has 23 power generating plants connected to the national grid. These plants are managed by generating companies (Gencos), independent power providers and Niger Delta Holding Company (NIPP).

  • The federal government of Nigeria has signed an agreement with Siemens for the implementation of the Nigeria Electrification Roadmap, find out more.
  • Nigeria’s power sector has the capacity for 12 522 MW but has struggled to sustain an average daily supply of 4 000 Megawatts (MW). Many Nigerian households and businesses rely on generators or gensets.
  • Africa’s largest gas producer, Nigeria has the capacity for 30 Million tonnes of liquefied natural gas per year.
  • Thermal power contributes 80 percent of Nigeria’s national power generation.
Gas power plant

RENEWABLE ENERGY

Solar power plants

From the challenge of supplying stable power to a population of 200 million people, alternative sources of power have emerged. Commercial and industrial energy users are investing in solar power, incorporating generators and battery storage to increase stability. There has been an increase in investment into mini-grids and off-grid solutions.

  • In 2019, $165 million was invested by the European Union (EU) towards Nigeria’s Renewable Energy Master Plan and $30 million was invested towards rural electrification.
  • Nigeria’s Renewable Energy Master Plan aims to increase the supply of electricity from renewable sources from 13% of total generation in 2015 to 23% in 2025 and 36% by 2030.
  • Rural Electrification Agency (REA) says that Nigerians currently spend about $14bn annually on generators while developing off-grid alternatives could create a $10bn market opportunity for mini grids and solar home systems.
  • Over 500,000 people will have access to approximately 76.5MW of increased installed power of which 68MW will be solar generated.

FINANCE

With the innovation happening and more growth and opportunities for the solutions to come, it is no surprise that Nigeria recently overtook South Africa as Africa’s largest economy and we expect more growth for the future of Nigeria.

  • Nigeria has the highest Gross Domestic Production in Africa with a growth rate of 2% in 2019 and an EXPECTED GROWTH RATE OF 2.1% FOR 2020.
  • The Vice-President, Prof Yemi Osinbajo, said the Federal Government provided intervention funds of N1.5 trillion to the sector in the last two years. The funds went towards improving the operation of the sector.
  • The World Bank invested $550 million towards the development of mini-grids and solar home systems.
  • The Sustainable Energy Fund for Africa (SEFA), managed by the African Development Bank (AfDB), has approved a $500,000 grant to support the development and launch of the Nigeria Energy Access Fund (NEAF).
Nigerian Investment

Have a look at the key capital projects included in the 2020 Approved Budget for power:

Counterpart funding for 3050MW Mambilla Hydropower Project N2,000,000,000

Rural Electrification Access Program in Federal Universities N1,400,000,000

Payment of debt owed REA contractors N1,900,000,000

Rural Electrification Funds N400,000,000

TRANSMISSION & DISTRIBUTION

Transmission & Distribution

The national power sector is separated into three groups. The privatised generation companies (GENCOs), The Transmission Company of Nigeria (TCN) run by the government and the privatized distribution companies (DISCOs). Currently 20 million households in Nigeria need access to electricity.

  • Power Africa, through the United States Agency for International Development (USAID) and the U.S. Trade and Development Agency (USTDA), is working to improve commercial operations and reduce losses at five distribution companies: Abuja, Benin, Eko, Ibadan, and Ikeja.
  • Transmission Company of Nigeria (TCN), Mohammed said, is planning to buy a technology known as Supervisory Control and Data Acquisition (SCADA) to prevent the collapse of the grid in the future.
  • Nigeria has applied for a $3 billion loan at the World Bank for the expansion of transmission and distribution networks confirmed the minister of finance, budget and national planning, Hajiya Zainab Ahmed. According to Ahmed, the West African country is set to get the approval of the first tranche  in 2020
  • The African Development Bank (AfDB) has approved a $210 million loan to help Nigeria upgrade its dilapidated electricity transmission and distribution network. The loan to Transmission Company of Nigeria (TCN) will support construction of 330KV double circuit quad transmission lines and sub-stations across the country.

METERING

Revenue collection for the DISCOs is one of the biggest challenges the power sector is facing. This can be attributed the lack of metered billing nationwide and has had a direct impact of revenue for the DISCOs and subsequently the GENCOs.

  • The Meter Asset Provider (MAP) regulation was issued allowing third-party contracting companies to bear the financial burden of procuring and supplying prepaid meters to reduced the 4.7 million metering gap.
  • According to the Nigeria Electricity Regulatory Commission (NERC) 2019 Second Quarter Report, the number of metered customers grew from 3,793,895 in March 2019, to 3,811,729 in July 2019.
  • Chief Executive Officer of the Jos Electricity Distribution (JED) Plc, Ude Shankar Mitshell, has disclosed that they have plans of distributing 500,000 meters in tiers to their customers in Plateau.
  • The major challenge hindering meter manufacturers has been funding, adding that the Discos need to be recapitalised and adequately funded to deliver sufficient meters to consumers.
Metering station

FUTURE ENERGY NIGERIA KEY PARTNERS

 

MAIN SPONSOR GOLD SPONSOR SILVER SPONSOR HOST PUBLICATION
       
       
MAIN SPONSOR GOLD SPONSOR SILVER SPONSOR HOST PUBLICATION
       

 

Strategic Partners

 

Strategic Partner Strategic Partner Strategic Patner Strategic Partner Strategic Partner
         

 

SOLAR

SOLAR

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RENEWABLES

RENEWABLES

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OFF-GRID

OFF-GRID

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T&D

T&D

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GENERATION

GENERATION

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HYDRO

HYDRO

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