Intercontinental Hotel Lagos

20th March 2014 - 21st March 2014

Power Investors Summit Nigeria

Stakeholders - Projects - Deals

20th - 21st March 2014, Intercontinental Hotel, Nigeria

Event banner image



Maintaining momentum in Nigeria's Power Sector

In Partnership with

EnergyNet and Nextier hosted the annual Power Investors Summit: Nigeria from March 20-21st at the Intercontinental Hotel in Lagos, which will once again united 200 national and global investors to discuss the future of Nigeria's power sector in the post-privatisation era.
Lagos, the commercial, financial and socio-cultural melting pot of Nigeria, attracts both Nigerians and foreigners alike, making it the playground for serious investors and power developers that are committed to and remain bullish about the success of Nigeria’s power sector reform.
The Power Investors Summit brought together Nigeria's key power players from the public and private sector to discuss the facilitation of Nigerian power investments, decision making within Nigeria’s power sector and viable power generation, distribution and transmission projects for Nigeria’s industrial sectors. 
Read what our delegates thought about this year's Summit:

“This summit has provided the right environment for a better understanding of the challenges and opportunities in the Nigerian power sector and cross-sector needs; thus investment options have been effectively explored”

Engr. William Metieh, Senior Technical Advisor on Labour, Presidential Task Force on Power

“Incisive, inspiring and invigorating”

Achife Kingsley, Portharcourt Distribution Company, Portharcourt Distribution Company

“Very good organisation and calibre attendance”

Naji Najjar, Energy & Utilities Industry Leader, Middle East & Africa, IBM

“The conference gave us the opportunity to meet various potential clients, cement relationships that we already had and most importantly, keep up to date with the key challenges and concerns faced by the power sector in Nigeria”

Nicky Crawford, Partner, Environmental Resources Management (ERM)

“The event provided an excellent opportunity to keep abreast of developments within the power sector”

Olubunmi Fayokun, Partner, Aluko & Oyebode

“This was a very good event- very good content, very high quality speakers and great networking as usual”

Dolapo Kukoyi, Partner, Detail Solicitors

“The event was very informative and quite rewarding having provided an interactive platform for networking”

Olanrewaju Marayesa, Life Insurance Manager, Leadway Assurance

For speaking opportunities at next year's Summit, please email
To register your interest in attending next year's Summit as a delegate, please email

Why is the Nigeria Power Investors Summit relevant?

Nigeria’s power sector reform witnessed setbacks from inception due to a lack of political will, the uprising of the labour party against the unbundling of the state owned PHCN and the resignation of the former Minister of Power created uncertainty and shattered the confidence of interested investors in Nigeria’s hugely attractive power privatisation process.

Suddenly, 2012 marked a major turning point in the history of Nigeria’s power sector.
After the restructuring of the Ministry of Power and a transparent and rigorous transaction process Manitoba hydro was first awarded the management contract for the transmission company of Nigeria (TCN), five core investors were awarded licenses for the Generation companies (GENCOs) and ten investors were awarded license for the distribution companies (DISCOs). The 15 preferred investors have now paid their 25% instalment for the purchase price for the PHCN successor company with a remaining 75% to conclude the negotiations.

More industry information 




If you are interested in speaking opportunities at next year's Summit please contact Ore Onagbesan on:

T: +44 (0)20 7384 8069


Pricing Information

Price Package Main Conference Only Main Conference + Workshop 1 Main Conference + Workshop 2
Book befire Friday 14th February £799
£799  £1099
Book before Friday 7th March


£1399  £1399 
Full price £1399 
£1699  £1699

Register online

  Email us


Call us on +44 (0) 207 384 8015

>> Terms and Conditions



The Power Investors Summit: Nigeria took place at the Intercontinental Hotel in Lagos- a masterpiece of modern design and luxury atmosphere.

Located on Victoria Island in the centre of Lagos, the Intercontinental is home to major consulates and multinational companies, making it the perfect residence for affluent business and diplomatic travellers. Built on an elevated terrain overlooking Lagos’ port, the hotel offers uninterrupted spectacular views of the Lagos Skyline, ample meeting space and grandiose accommodations. Their restaurants offer an array of delicious dining options from cosmopolitan to Nigerian delicacies.

Plot 52A, Kofo Abayomi Street,
Victoria Island, Lagos, Nigeria

Why Attend

Benefits of attending the Power Investors Summit Nigeria

Position: your company alongside major stakeholders and international investors contracted to transform Nigeria’s power sector.

Discuss policies: energy policies and frameworks being developed to attract foreign investments. Discover how Nigeria’s regulatory stakeholders are driving reform and motivating a competitive market to support investors ROI.  

Solidify plans: to enter the power sector in Nigeria with credible partners: Identify project, partners and access key timelines and project tendering processes.

Understand: Nigeria’s financing requirements for power generation and infrastructure. Meet the CEOs of local and international banks and DFIs and that are committed to supporting your entry and investing in your projects.

Showcase: your business as a solution provider to the new asset holder. Promote new product, services and solutions to meet the needs of Nigeria growing electricity market.

New features for 2014

  • Pre event senior level roundtables
  • Ministerial roundtable and Q&A
  • Onsite private meeting rooms
  • EnergyNet Master Classes

What happened in 2013?





In Partnership With

Nextier is an investment and multi-competency advisory firm that combines expertise and capabilities across a range of industries and business functions to deliver superior value to its clients. With a focus on the Nigerian public sector, Nextier works with its clients to build high performance organisations. Its core competencies include financial advisory, strategy consulting, research, policy analysis, design and implementation, and measurement & evaluation.  Its focus industries include power, petroleum and agriculture.

Norton Rose Fulbright

Norton Rose Fulbright is a global legal practice. We provide the world’s pre-eminent corporations and financial institutions with a full business law service. We have more than 3800 lawyers based in over 50 cities across Europe, the United States, Canada, Latin America, Asia, Australia, Africa, the Middle East and Central Asia.

Norton Rose Fulbright’s 30-year track record places us at the centre of developments across Africa. Our aim is to enable anyone who is already active in Africa or who wishes to do business across the continent to access the knowledge we have gained from working on the ground across more than 45 African jurisdictions. Our dedicated team of lawyers has a wealth of experience in assisting clients with their energy projects, negotiating Africa’s regulations and providing innovative legal solutions.




Strategic Partner

IIPELP exist to strategically evaluate energy law and public policy options in Nigeria and Africa. 

It proffers solutions to the current gaps that exist in knowledge, institutional development, governance, legal and regulatory framework for the energy industry in Nigeria and Africa. It has faculties with expertise in Energy Economics, Energy Policy Development, Regulatory assessment and implementation as well legal/legislative intervention.

It also focuses on the impact assessment of Legislation and Policies governing the Energy value chain : Power, Oil,Gas and Renewables. 

Environmental Resources Management

Sustainability Partner

ERM is a leading global provider of environmental, health, safety, risk, social consulting and sustainability related services. We work extensively with Africa’s energy industry and have over 40 years’ experience globally, working with some of the world’s leading companies.

We deliver sustainable solutions which balance environmental concerns with management, economic, technological and social needs. This enables our clients to maximise revenues, comply with regulations, improve performance and enhance their corporate reputation and public perception. ERM supports clients whose business objectives go further than compliance with regulations including realising ambitions for a sustainable and socially responsible company.



For more than 80 years, Caterpillar® has been supplying diesel and natural gas generator sets for continuous duty and temporary power customers. As a leading global power supplier, Caterpillar offers integrated power systems with a broad range of products pre-configured for optimum performance – all supported by the worldwide Cat® dealer network with technicians trained to service every aspect of Cat equipment. 
As development in Africa expands, Caterpillar is uniquely positioned to deliver microgrid systems that address the growing need for remote and semi-remote power. Microgrid systems are easily customizable and designed to reduce the overall cost of energy and improve power reliability. 
Caterpillar brings together the best available technologies to cost effectively optimize sustainable energy sources, including the integration of new solar and energy storage capabilities with traditional generator set and turbine products into a seamlessly controlled microgrid solution. 
Caterpillar offers electric power solutions for every need, ranging from a 10 kW generator set for a small retail operation up to a 100MW power house for an entire city. 


At IBM, our priority is to help utility organizations transform energy and sustainability issues into opportunities to improve performance and optimize operations.

IBM experts are working with energy and utility organizations globally to accelerate the development of smarter energy capabilities that can improve reliability and efficiency.  From grid management and smart metering systems and services, to customer engagement, to asset management, to plant operations, IBM offers smarter solutions, practices, and technologies that help utilities transform their operations for the 21st century.

Products & Services: Asset Management, GIS & Mapping, Smart Grid Solutions, Communication Infrastructure, AMI / AMR, CRM / CIS, Meter Data Management, Cyber Security, Data Analytics, Data Management, System Integrators.

To find out more visit

Streamsowers & Kohn


Streamsowers & Köhn is a Nigerian based commercial law firm with offices in Lagos, Abuja and Port Harcourt. Our areas of expertise include corporate commercial law, energy and natural resources, aviation law, infrastructure and privatisation, arbitration and dispute resolution.  We provide excellent legal and consultancy services to multinational enterprises, international and indigenous companies, lenders, project sponsors, governments and government departments in respect of projects and investments in Nigeria. We are responsive and innovative in the support of our client’s pursuit of their legitimate objectives and in ensuring that their legal needs are met.

Our team of professionals have been involved in providing legal advisory services to our clients in the power sector and have worked closely with regulatory authorities. 



LEADWAY ASSURANCE COMPANY LIMITED (‘LEADWAY’) is one of Nigeria’s foremost insurance companies, with a reputation for service efficiency and customers’ reliability. 

Leadway was established in 1970 by Sir Hassan O. Odukale (beate memoriae).  It commenced business in 1971 and expanded into a composite insurance company underwriting both life and general insurance business currently having 21 branches across Nigeria.

Presently, LEADWAY has a Shareholders Fund of N11.7 billion and has a policy of increasing its paid-up capital steadily. Over the years, the company has recorded steady growth in its business operations.  As at 31st December 2012 the company had a total asset base of over N 66.3 billion and a premium income of about N 36.98 billion.

Our core values are iSCORE meaning; integrity, service, costumer-focus, Openness, respect-for-the-individual and excellence. The reputation enjoyed by LEADWAY has been attained by the continuing pursuit of improvements to maintain competitive advantage.

If you would like to have more information about our products and services, please call 01-2700700 or email


Please feel free to visit our website for further information about our products and services.

Africa Finance Corporation

Strategic Partner

The Africa Finance Corporation (AFC) is a private sector led international organisation domiciled in Nigeria with activities across Continental Africa. The Corporation offers a unique value proposition as an Africa-focused infrastructure financing institution providing competitive products and services across complimentary areas of: principal investing, financial advisory, project development and technical advisory.  Within the Power industry, AFC has worked on a number of pioneering deals. E.g. The Corporation is the lead investor in conjunction with Cenpower Generation Company Limited (Cenpower), which is implementing the USD450 million Kpone IPP Project. In addition, AFC is also the lead investor in the landmark Cabeolica renewable wind power project in Cape Verde.



First City Monument Bank (FCMB) Plc is a full service banking group, headquartered in Lagos, Nigeria with a focus on retail, commercial and investment banking. From its early origins in investment banking as City Securities Limited in 1977, FCMB, established in 1982, has emerged as one of the leading financial services institutions in Nigeria and one of the top eight lenders in the country with subsidiaries that are market leaders in their respective segments. It was granted a banking licence on August 11, 1983 and listed on the Nigerian Stock Exchange, by introduction, on December 21, 2004.

MAN Diesel


MAN Diesel & Turbo SE, based in Augsburg, Germany, is the world’s leading provider of large-bore diesel engines and turbomachinery. The company employs around 14,500 staff at more than 100 international sites, primarily in Germany, Denmark, France, Switzerland, the Czech Republic, India and China. The company’s product portfolio includes two-stroke and four-stroke engines for marine and stationary applications, turbochargers and propellers as well as gas and steam turbines, compressors and chemical reactors. The range of services and supplies is rounded off by complete solutions like ship propulsion systems, engine-based power plants and turbomachinery trains for the oil & gas as well as the process industries. Customers receive worldwide after-sales services marketed under the MAN PrimeServ brand.

Showcase your business at Power Investors Summit: Nigeria

For Africa, Middle East, Asia and ROW

Alex Moulds

Director for Development

International +44 (0)7500 702 171

Nigeria +234 816 686 0008


For Europe and the USA

Damon Thompson

Commercial Director

+44 (0)20 7384 8071



THE NATIONAL POWER TRAINING INSTITUTE OF NIGERIA (NAPTIN) was established on March 23, 2009, as an institute required to provide and meet the training needs of the Nigerian Power Sector and beyond. NAPTIN presently has Eight (8) Regional Training Centers (RTC) across the country with its HQ office in Abuja.
In an holistic approach to addressing the critical manpower issue and to promote local content in the Nigerian Power Sector, NAPTIN developed a structural training programme called NAPTIN Graduate Skills Development Programme (NGSDP) for Graduate Engineers & Technologist and a Technical Skills Acquisition Programme in collaboration with National Open University (NOUN) for Technicians, Artisans and Craftsmen
Courses offer by NAPTIN includes but not limited to:
  • NAPTIN Graduate Skills Development Programme (NGSDP) – A one year post graduate programme developed for Graduate Engineers & Technologist in Electrical/Mechanical Engineering to acquire requisite skills and capacity need to fit into the Power Sector as key players and professionals in Generation, Transmission & Distribution sub-sectors.
  • NAPTIN-NOUN Technical Skills Acquisition Programme (NNTSAP) – A one year post graduate programme developed for Undergraduate Engineers in Electrical/Mechanical Engineering to acquire professional skills as Technicians, Artisans and Craftsmen needed in Generation Transmission & Distribution sub-sectors.
  • Various short courses for professionals in Generation, Transmission & Distribution sub-sectors.
Financial Nigeria
Financial Nigeria

Media partner

Financial Nigeria magazine is a development and finance journal published monthly since 2008 by Financial Nigeria International. With a team of world-class columnists, the magazine provides authoritative knowledge of the Frontier Emerging Markets (FEMs) of sub Saharan Africa, with particular attention on Nigeria. It is widely circulated amongst middle-to-top level policy and private sector professionals.

Nogtec  is the leading prime source of Africa oil and gas industry news, information and analysis.  Nogtec provides you with leading industry news updates and information, jobs, company directory, operational well and rig data, events, focused regional information, and many more. Visit our website at for more details. 
Nogtec – the Africa oil & gas website of first choice!
Middle East & Africa Monitor
Middle East & Africa Monitor

Africa Monitor is internationally recognised as providing essential information for anyone doing business in, or with Africa. The publication provides subscribers with systematic political risk assessment, economic forecasts and business analysis for every country across the region. Published by Business Monitor International, the emerging market specialists, Africa Monitor is broken down into four sub regional publications, of which any combination can be subscribed to. The Middle East and Africa Monitor website includes ALL the content from the publications, a 24-month archive, and gives the added flexibility of exploring that content by country, topic or keyword. Our publications are subscribed to by over 50% of the Global Fortune 500 companies. Why not take the time to find out why? Click here to visit for a FREE trial, or call Tel: +44 (0) 20 7246 1403.  

Alternative Energy Africa
Alternative Energy Africa
Alternative Energy Africa is the continent’s first magazine dedicated to literally filling the energy information gap in Africa.
Alternative Energy Africa provides its readers updates on private sector projects, government initiatives, business and investment news, and strategies for a thriving alternative/renewable energy market on the African continent, all of this in addition to global project news and groundbreaking technology coverage. And to complement the magazine, offers the latest updates between issues making the AEA online and print duo “the premiere source” of alternative and renewable energy news covering the African continent.
Visit for more details.
Africa Confidential
Africa Confidential
Africa Confidential is one of the longest-established specialist publications on Africa, with a considerable reputation for being first with in-depth news and analysis on significant political, economic and security developments across the continent.
Our track record owes much to our comprehensive network of local correspondents, and the connections we’ve built up throughout Africa since we started publishing back in 1960.
Why 'confidential'?
This continent-wide, on-the-ground coverage enables us to identify and monitor upcoming issues long before they are picked up by the general media – and analyse their real significance for our readers.
What’s more, all our contributors write for us on the basis of strict anonymity, a principle that was established from the outset in 1960 to ensure writers’ personal safety in the turbulent, early years of post-colonial African independence.  Hence the newsletter’s title.
Who reads Africa Confidential?
Today, Africa Confidential is read fortnightly by a wide range of institutions and individuals around the world, all of them united in their need for timely, accurate and incisive analysis of contemporary African developments.
African Energy
African Energy
African Energy is a respected source of independent analysis on the continent’s energy industries, produced by Cross-border Information (CbI), a globally recognised business intelligence company with a long established research focus on the politics, energy and financial sector trends of Africa and the Middle East. Through continual monitoring of developments and an extensive network of local sources and on-the-ground experience, African Energy has established itself at the forefront of informed commentary and analysis on this most vital of sectors for the continent’s future. Clients come to us for incisive and informed analysis on the issues, events, people and organisations that affect their businesses and interests.


ESI Africa
ESI Africa
Media partner
ESI Africa is the global leader in disseminating African utility and power market news to more than 50 countries and growing. We provide over 50,000 professionals with renowned high quality and insightful editorial, equipping them with essential information to drive their own businesses.
By choosing ESI Africa as your medium for lead generation or market consolidation, you have the best route to market through our prized data. No one can equal the data that we have gathered over years of hard work and we provide six unique routes for you to access that data.
For advertising queries please contact Tarryn Bester on +27 21 700 3591.


The Business Year
The Business Year

The Business Year (TBY) is a leading research firm and publisher of annual economic resources on national economies. Present in over 25 countries, TBY provides first-hand access to the people and ideas shaping business and policy throughout the world. Each country-specific edition contains a comprehensive range of interviews and analysis, offering an inside look at doing business in the world’s most dynamic economies. TBY’s interviewees, readers, and partners comprise an international network of thought-leaders who are helping to define the future of the global economy.


Africa Business
Africa Business

Africa Business is an online news portal featuring interviews, world news & national news, and events relevant to the African business community.

Menas Associates
Menas Associates
Menas Associates is a London-based strategic risk consultancy firm which helps companies make critical decisions in difficult operating environments. 
Besides our consultancy services we also have 15 regular country specific publications which analyse the political, security and business environment for foreign investors. Our leading analysts also answer clients’ specific questions in hour long confidential telephone consultancy calls. All the Menas experts focus on individual countries and have strong “on the ground” knowledge and contacts so we provide in-depth quality analysis.

Proshare, a dedicated Investor Information service with the vision of providing a financial, regulatory and business communications services for stakeholders in the Nigerian Financial Market in a timely, credible and reliable manner, has since become the country’s leading market intelligence, financial information portal, specialist content and business to business knowledge service providers to the local and international markets, businesses, organisations and governments with leading content and information platforms focused on policies and investment data and information; and a portfolio of services which includes a series of established events, training, financial information intermediation and market reports.

The firm’s history of creditable engagements have created in stakeholders the niche to look to Proshare to understand developments in Nigeria’s financial markets and keep up to date with the new risk management environment.

The firm’s services are delivered across eight practice areas:

  • Analyst Services
  • Investor Relations Support ;
  • Share Support Services – for Retail Investors;
  • Regulatory & Governance support services;
  • ProConsults’ due diligence, capital markets and private equity advisory;
  • Capital market Service analytics and research;
  • High net worth consumer communications; and
  • Training and Capacity Development.

Proshare is much more than a website; it is a niche service designed as a critical component/bridge of our capital market through its professional consultancy engagements, paradigm shifting interventions and advocacy.

Proshare is the trademark owners of The AnalystTM, The Nigerian Capital Market ReportsTM,   Making Money in the Nigerian Capital MarketTM,   The Nigerian InvestorTM,  Share Support ServicesTM, The TyroTraderTM, and other key product brands.

Africa Practice

If you would like to attend as a member of press or are interested in a media partnership please contact:

Amy Offord
Senior Marketing Executive

+44 (0) 20 7384 8068


Power Investors Summit Nigeria Gallery
PB5C0524_1.jpg PB5C0525_1.jpg PB5C0527_1.jpg PB5C0522_1.jpg PB5C0520_1.jpg PB5C0518_1.jpg PB5C0519_1.jpg PB5C0535_1.jpg PB5C0539_1.jpg PB5C0559_1.jpg PB5C0560_1.jpg PB5C0561_1.jpg PB5C0555_1.jpg PB5C0554_1.jpg PB5C0542_1.jpg PB5C0551_1.jpg PB5C0515_1.jpg PB5C0514_1.jpg PB5C0503_1.jpg PB5C0500_1.jpg PB5C0509_1.jpg PB5C0510_1.jpg PB5C0512_1.jpg PB5C0437_2.jpg PB5C0441_1.jpg PB5C0449_1.jpg PB5C0451_1.jpg PB5C0455_1.jpg PB5C0457_1.jpg PB5C0483_1.jpg PB5C0486_1.jpg PB5C0491_1.jpg


Confirm your place at Power Investors Summit: Nigeria

Register online

Email us

Call us on +44 (0) 207 384 8068

Pricing Information


Price Package Main Conference Only Main Conference + Workshop 1 Main Conference + Workshop 2
Book before Friday 14th February £799
£799  £1099
Book before Friday 7th March


£1399  £1399
Full price £1399 
£1699 £1699 

>> Terms and Conditions


Expand your knowledge by attending one of our two workshop master classes (either option is covered by the registration type- Workshop 1 or Workshop 2) Privatisation is a multifaceted and extremely complex process. Understanding the dynamics of this environment and the development of technical expertise and legislation will become essential to the long term success of the market.



Class Two agenda will focus on:

An analysis of Nigeria’s energy laws
Benchmarking Nigeria’s energy policies against international standards
Contractual agreements for the gas sector ( with a focus on GSAs and GTAs)

Please note:

All 'Early Bird' discounts must require payment at time of registration and before the cut-off date in order to receive any discount
Team bookings must be made at the same time in order to qualify for a discount
Discounts may not be combined in conjunction with any other offer such as early bird rates; however in such cases the registration fee will be calculated according to whichever option offers the greatest discount

>> Terms and Conditions


For more information on the programme and for Speaking Opportunities please contact:



Ore Onagbesan
Programme Development Manager

+44 (0)20 7384 8069
+44 (0)78 1644 5317


If you would like to register for the event, attend as a member of press or are interested in a media partnership please contact:

Amy Offord

Senior Marketing Executive

+44 (0) 20 7384 8068


To explore opportunities where we may be able to support your business development, please contact:


For Africa, Middle East, Asia and ROW

Alex Moulds

Director for Development

International +44 (0)7500 702 171

Nigeria +234 816 686 0008


For Europe and the USA

Damon Thompson

Commercial Director

+44 (0)20 7384 8071


Agenda Topics Power Investors Summit: Nigeria

Key Topics Include:

  • Opening Session 1: Ministerial Roundtable
  • Special Presentation: “GAS BASED ECONOMIC DEVELOPMENT FOR NIGERIA” DR TIMOTHY OKON, Coordinator, Corporate Planning & Strategy (CP&S), NNPC

New Features for 2014

  • Pre event senior level roundtables
A closed pre – session roundtable for ten senior executives aimed at discussing specific issues surrounding finance and infrastructure investments in Nigeria. This interactive meeting will enable experts to drill down on the key issues hindering the sector's development. The outcomes of this discussion will be presented to the invited Ministers in the opening session.
  • Specific to 20 senior executives
  • No presentations
  • An opportunity to meet and discuss strategies with your peers
  • Present your senior executives as thought leaders in their field
  • The opportunity to contribute to the topics which will be discussed in the opening Ministerial session
  • Direct access to world renowned finance and infrastructure experts
  • Public Private Partnerships
  • Ministerial roundtable and Q&A

The summit’s Ministerial roundtables offer the attending Ministers an opportunity to share their vision for Nigeria’s economic development and discuss the opportunities and challenges each faces as they attempt to improve Nigeria’s electricity supply industry to support economic growth. The topics submitted from the morning’s senior level roundtable will be presented to them for their frank responses. See page 4 for more information.

  • Onsite Private meeting rooms

Why not hire one of our private meeting rooms to further your ability to do business and broker deals at the summit. EnergyNet will help facilitate these all important one to one meetings for sponsors hiring private meeting rooms as part of their package.

Contact Alex Moulds for more information at

  • Energy Master Classes

Expand your knowledge by attending one of our two master classes. Privatisation is a multifaceted and extremely complex process. Understanding the dynamics of this environment and the development of technical expertise and legislation will become essential to the long term success of the market.

  • Energy Law and Practise
  • Project Financing
We have two opportunities available for a leading financial institution and law firm to host a master class - contact Ore Onagbesan for more information

Download the full brochure for more information

Power Investors Summit Nigeria 2014 Brochure

Please complete the below form to access the brochure for the Power Investors Summit: Nigeria.

Any questions please contact Ore Onagbesan on +44 (0)20 7384 8069

Why is the Nigeria Power Investors Summit Relevant?

Nigeria’s power sector reform witnessed setbacks from inception due to a lack of political will, the uprising of the labour party against the unbundling of the state owned PHCN and the resignation of the former Minister of Power created uncertainty and shattered the confidence of interested investors in Nigeria’s hugely attractive power privatisation process. 
Suddenly, 2012 marked a major turning point in the history of Nigeria’s power sector. 
After the restructuring of the Ministry of Power and a transparent and rigorous transaction process Manitoba hydro was first awarded the management contract for the transmission company of Nigeria (TCN), five core investors were awarded licenses for the Generation companies (GENCOs) and ten investors were awarded license for the distribution companies (DISCOs). The 15 preferred investors have now paid their 25% instalment for the purchase price for the PHCN successor company with a remaining 75% to conclude the negotiations. 
The new, MYTO2 tariff structure introduced by the NERC in June set out clear guidelines on how the new asset owners will meet their OPEX and CAPEX obligations, as well as settle its energy bills without subsidy intervention. The effective regulatory environment and competitive pricing frameworks have helped to resuscitate the confidence of investors in the process to reform and awakened global interest to the scale of investments that will flourish from Africa’s most populous nation. 
The Federal Government is now taking the next stapes, to developing a working blueprint which will open up massive investment in the nation’s power transmission infrastructure that will require a further $3.4 billion for a 765MVA super grid by 2016 to meet current demand. A $1 billion loan was recently secured by the African Development Bank to finance gas supply, and an additional $150 million to finance the liberalisation of the power sector. 
Nigeria has achieved commendable milestones thus far and greater opportunities in infrastructure, gas supply, Greenfield and Brownfield IPPs are yet to abound from the country.  To achieve the ambitious 40,000MW by 20: 20 set out by the PTFP, greater political will and substantial financial investments will be required from local and international investors to establish a successful and competitive power market that will rank Nigeria amongst the world’s 20 biggest economies in 2020.

Industry News

Source: Business Wire

  • In June 2010, the government revealed that the country will need to spend around US$6bn a year on electricity generation and distribution if it wants to become one of the 20 most industrialised nations in the world by 2020.
  • During the period 2011-2021, Nigeria's overall power generation is expected to increase by an annual average of 7.07%, reaching 48.4TWh.
  • Nigeria has abundant renewable energy resources, led by solar energy, biomass, wind and hydropower, with potential existing for geothermal and tidal power. The current state of renewable power generation use is very low. There is a lack of appropriate policy and regulatory and institutional framework to stimulate demand and attract investors.
  • Following an increase in 2011 real GDP of an estimated 7.3%, BMI forecasts average annual growth of 7.2% between 2011 and 2021.
  • Thanks partly to the forecast rise in net generation - growth of which barely matches the underlying demand trend - Nigeria is faced with a growing power supply shortfall.

Source:  NIPP Transaction

Electricity generation in Nigeria started in 1896 although it was not until 1929 that the first utility company, the Nigerian Electricity Supply Company was established.
In the 1950s and 1960s the Nigerian government created the Electricity Corporation of Nigeria to control all existing diesel/coal fired isolated power plants across the country and the Niger Dams Authority to develop hydroelectric power in Nigeria. These two entities were amalgamated into the National Electric Power Authority in 1972.
By the late 1990s it became clear that the publicly owned and operated electricity system was failing to meet Nigeria’s power needs. The National Electric Power Policy of 2001 set the go-forward framework for power reform in Nigeria, leading to the National Electric Power Policy and thus the NIPP.
There are currently 23 grid-connected generating plants in operation in the Nigerian Electricity Supply Industry (NESI), with a total installed capacity of 10,396.0 MW and available capacity of 6,056 MW. Most generation is thermal based, with an installed capacity of 8,457.6 MW (81% of the total) and an available capacity of 4,996 MW (83% of the total). Hydropower from three major plants accounts for 1,938.4 MW of total installed capacity (and an available capacity of 1,060 MW).
Demand for electricity in Nigeria exceeds supply. A study by a major European engineering firm has estimated that demand will rise from around 33 terawatt hours in 2011 to between 56 and 95 terawatt hours by 2020. 

Source: NIPP Transaction

Nigeria is a Federal Constitutional Republic comprising thirty six states and one Federal Capital Territory. Abuja is the capital of the Republic and Lagos is the largest city and the country’s commercial centre. 
The population of the country is estimated at 170 million, making it Africa’s most populous nation. Nigeria’s nominal GDP for 2011, estimated by the IMF, was $244 billion, making it the second largest economy in Africa after South Africa. GDP growth is projected at a rate in excess of 6% per annum over the next five years. Nigeria has significant oil and gas reserves. Oil reserves stood at 37.2 billion barrels as at the end of 2011, with production of 2.45 million barrels per day during that year. Gas reserves were approximately 180.5 trillion cubic feet as at the end of 2011. Nigeria also has significant mineral wealth, including coal, bauxite, tantalite, gold, tin, iron ore, limestone, niobium, lead and zinc.
Before Jim O’Neill, an economist, coined the term MINT to represent the four countries (Mexico, Indonesia, Nigeria and Turkey) that are expected to be the next frontiers for global growth, keen observers already knew that remarkable transformation was happening in Nigeria. Between 1999 and 2012, Nigeria’s GDP grew at an average of 7.9 percent, compared with 2.2 percent in the United States, 1.8 percent in the United Kingdom and 0.4 percent in the Euro zone. In this same period, Nigeria’s GDP per capita had grown from US$700 to US$2,600. In addition, Nigeria has become the second largest economy in Africa. South Africa is the largest economy in Africa but not for long. Read full article

Power Investors Summit Testimonials

Feedback from Power Investors Summit: Nigeria 2013

Thank you to everyone that joined us for the inaugural Power Investors Summit: Nigeria in Lagos on 2nd - 4th October.
This Summit allowed companies to position themselves alongside major stakeholders and international investors contracted to transform Nigeria’s power sector.
Here's what the delegates had to say:
“EnergyNet does a very good job of bringing the right industry players together and they have gained credibility for this. Their events are great for networking.”
Detail Commercial Solicitors
“The event attracted the relevant professionals and government officials from Nigeria’s Electricity Supply Industry. It was well organized and very much a success.” 
Templars Law
“The event was entertaining, interactive and educative. It offered the opportunity to meet other stakeholders in the industry.”
“Great occasion to meet and discuss with all key stakholders in Nigeria's power sector”
“A very good avenue to meet people directly involved in transforming the power sector.”
Julius Berger
“Timely and very relevant to the ongoing power and gas sector reforms.”
Africa Finance Corporation
“An engaging, thought-provoking, ideas generating, business netwroking summit of international standards.”
Mansard Insurance
“Provided an overview of the progress, next steps and challenges of the ongoing Power Sector Reform."
ILF Engineers Nigeria Limited
“A fantastic event”
DLA Piper

Why Nigeria?

We caught up with sponsors of Power Investors Summit Nigeria the IFC to find out why Nigeria remains a high priority investment destination for them.

Downlaod interview with IFC's Bernard E Sheahan, Director of Infrastructure and Natural Resources Department, IFC/ World Bank Group

Nigeria is often a country that receives bad press in terms of poverty, violence and political tension. However, Nigeria is also full of natural saunas, beautiful waterfalls and historical attractions.

Read the top 10 most beautiful places to visit in Nigeria.

The Power Investors Summit Nigeria takes place in the second fastest growing city in Africa: Lagos. During your time in this city you can visit the Lekki Conservation Centre to visit the wildlife with raised walkways to see monkeys, crocodiles and other wildlife. Other attractions in the City include the National Theatre which hosts galleries of modern Nigeria art and the National Museam which includes traditional symbols of power. For more information visit the Lonely Planet website.

We're delighted to partner with who write about more key reasons to visit Nigeria - View their article now.


Join us on the evening of day two (3rd October) at 19:00 for our evening drinks reception at the Lagos Yacht Club

Established in 1932, Lagos Yacht Club is an exquisite Sailing Club located at Lagos Island Harbour Marina. The Yacht Club is renowned for its preference for tradition, with its decades-old artefacts and post-colonial ambience.

This is another opportunity for you to network away from the conference in a relaxed, atmospheric and cultural environment where you can strengthen your connections with prospective clients.
For more information please contact us

PISN - Post Summit Report

Why Sponsor?

Showcase your business at Power Investors Summit: Nigeria

We are delighted to partner with the Presidential Task force on Power, Ministry of Power , NDPHC, BPE, NERC, NBET, Bank of Industry and other key stakeholders to deliver Nigeria’s most anticipated summit of the year. This high level meeting will bring together only legitimate government representatives and credible power developers and investors.  The summit aims to explore Nigeria’s future energy mix, energy infrastructure, gas to power initiatives and IPP/PPP opportunities under the management and execution of the Presidential Task force on Power. 
EnergyNet produce a global portfolio of investment meetings, conferences & events focusing on Africa’s Power & Industrial sectors, including the flagship Africa Energy Forum which took place in Barcelona back in June.
In summary we work with governments, energy and infrastructure ministries and national utilities across Africa. By focusing on core industry providers such as Private Power Developers, Investment Banks and DFIs, Lawyers, Credible Consultants, EPCs and Immediate Power Providers we support contract delivery and project success. 
Power Summit Investors: Nigeria 2013 is the platform for companies looking to:
  • Do deals with the owners of Nigeria’s privatised power sector
  • Meet major power users and off-takers in Nigeria’s vast industrial sectors and see where your business synergies may lie    
  • Solidify plans to enter the power sector in Nigeria with credible partners
  • Understand Nigeria’s financing requirements for generation and meet the CEO’s of banks & financial institutions that are committed to support your entry into the market
  • Showcase your business as a solution provider to asset holders
  • Position your company alongside stakeholders and international investors contracted to transform Nigeria’s power sector 
The scale of investment that will be required to transform the Nigeria’s power sector is surmountable and will require colossal investments and influence from global power players. If you are already a serious Nigeria power player or if Nigeria is one of the countries on your business radar, the Nigeria Power Sectors Investors Summit will provide you with tangible insight on new projects and opportunities for your business to engage in. 
We work closely with all our partners and recognise that "off the shelf" packages do not always meet your objectives. We are happy to construct a tailored package which reflects specific aims and which matches your budget and resources.
To explore opportunities where we may be able to support your business development, please contact:

For Africa, Middle East, Asia and ROW

Alex Moulds

Director for Development

International +44 (0)7500 702 171

Nigeria +234 816 686 0008


For Europe and the USA

Damon Thompson

Commercial Director

+44 (0)20 7384 8071