Opportunities in the Nigerian Electricity Sector Essay

by Federal Government hence, the

Launch

To

fulfill

the

targets

set

out

in

the

programme Perspective 20: 2020; the Federal government

need for personal investment.

Government of Nigeria has collection a generating

Generation

The National Authorities on Privatisation (NCP)

focus on of forty, 000 MW. Moreover, to get to this

as well as the Bureau of Public Organization (BPE) on

relatively

need

behalf of the Federal Government have got

investments in power generating potential

placed an advert for by simply core shareholders to

by itself will require in least USD$35 billion i actually. e.

exhibit their involvement in the cold weather power

investing US$3. five billion over a period of 10

areas and as concessionaires for the

years and an additional US$15 billion will probably be

hydro electrical power stations through International

necessary in the other parts of the source

Competitive Putting in a bid (ICB).

chain i. electronic. fuel-to-power facilities, and

Transactions will include:

the

п‚·

simple

power

goal

transmission

can

and

syndication

Ughelli Electrical power Plc in Delta Area with

networks. This relates to a total anticipated

capacity of 972 MW

investment inside the power sector to USD$50

п‚·

billion

capacity of 414 MW

over

old-fashioned

the

following

estimates.

12

years

These types of

using

required

investments will not be funded and directed

п‚·

Geregu Electrical power Plc in Kogi Condition with

Afam Power Plc in Lake State with

capacity of 776 MW

п‚·

Sapele Power Plc in Sapele, Delta Express

with potential of 1020 MW

the network facilities.

Distribution

Indication

The

Government's

target

to

raise

tranny capacity by 330kv to 700kv is definitely

being strongly pursued since it has made

expenditure

in the expansion, reliability and stability of

of

UNITED STATES DOLLAR

$3. a few

billion

pertaining to

construction of your 700kv very transmission

main grid that would allow power era

companies to transmit a lot more than 6000MW

of electricity by 2011.

It really is imperative that new investments are

forced forward since rapidly as it can be. To

this kind of end, the Transmission Company of

Nigeria (TCN), while management builder,

will be responsible for significant purchases

п‚· The NCP and BPE on behalf of the Government

Government have placed an advert for

appearance of interest to privatise the energy

Holding

through

Company

an

of

Nigeria

International

(PHCN)

Competitive

Putting in a bid (ICB) from December 16 2010.

п‚· The Federal Government is definitely planning to use

the Core Investor Sale Plan by relinquishing

51 per cent of its holdings in PHCN to core

investors as well as the remaining could possibly be thrown

up

for

grabs

Governments

simply by

and

interested

Nigerian

Point out

workers

especially those in the electricity sector scheduled

to take place among May and June 2011.

п‚· 11

distribution

companies

to

end up being

пЂ­ Protected a noticeable embrace the

privatised include Abuja, Benin, Eko,

average number of hours of electricity

Ikeja, Kano and five other folks; all having

supplied to consumers by simply April 2011.

coverage from the geographical areas and specific zones in

Nigeria.

п‚· The latest infrastructure is made up of

Opportunities available to investors range from the

following:

60, 000 kilometres of 33 Kilovolts (KV), 11KV, 415

п‚· Extra

investment

KAVIAR and 230 KV which help the distribution

network

support

process of energy to the final

transmission prepare

consumers.

Federal government is to;

network by about 20%;

and

creating companies

encounter desire of end-users

п‚· This will result to better revenue

distribution

losses

(technical and non-technical ) by simply at least

5% by April 2011

generation

п‚· Production and distribution of meters to

пЂ­ Raise the capability of the distribution

combination

distribution

п‚· To be main investors in existing electric power

п‚· Instant distribution goal of the

пЂ­ Reduce

to

in

collection

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