LAGOS, Nigeria, March 18, 2014/ — There is currently a significant opportunity for Nigerians as a result of the massive investments being made in the power sector, and that is human-capacity building within the sector itself. Engineers head many of the major public and private sector organisations across Africa, and in Nigeria it is no different.
“It is an exceptional time in Nigeria for business leaders, but equally for the business leaders of tomorrow. It is with this in mind that EnergyNet has launched the ‘Student Engagement Initiative’ which will facilitate some of the brightest Nigerian students to travel across Africa and the world to understand more about the relevance of Africa’s power sector on the global economy.” Simon Gosling, MD, EnergyNet
Hosted by EnergyNet and Nextier, the ‘Power Investors Summit: Nigeria’ in Lagos (March 20-21st) (http://www.power-investors-summit-nigeria.com) is the first time these exciting students will meet international organisations and begin to explore how they can play a central role within the broader sector. Supporters and sponsors include IIPELP, NNPC, Banwo and Ighodalo and Norton Rose Fulbright, who have chosen to lead the international development of law students through the Initiative.
The Summit in March is held in association with the Federal Ministry of Power and government bodies including PTFP, NERC, NBET, NAPTIN and NNPC. It will address outcomes from the previous gathering of investors in October, which challenged the provision of gas and the infrastructure to deliver it. Nigeria’s finance sector will drill down on the post-privatisation finance options and NNPC will respond directly to questions raised about their role in the sector.
NERC and leading international consultants will discuss the constraints to regulatory practises and how best to implement a complex structure to support sustainable growth, whilst long term financing and captive power generation also remain high on the agenda.
Additionally Geometric Power, Transcorp Ughelli, North South Power – Shiroro, and Copperbelt’s Abuja Disco will discuss post-privatisation strategies and bottlenecks, and for the first time, the Honourable Minister for Power Prof Chinedu Nebo will host a preconference webinar on February 25th to enable investors to understand why he is making the Power Investors Summit: Nigeria the critical location to support private sector and international development.
The Summit’s Strategic Partners IIPELP and Norton Rose Fulbright will together host an Energy Law and Practise Masterclass to provide clarity on the complex dynamics of Nigeria’s existing energy laws and navigate the development of technical expertise and legislation. By benchmarking these laws against international standards and best practise, the Masterclass aims to resolve the on-going contractual uncertainties surrounding Gas Supply Agreements (GSA) and Gas Producers Agreement (GPA).