Powergen Electrotex Nigeria is a premier power generation conference and exhibition - renowned not only for its size, but also for the quality of its attendees. The combined conference and exhibition provides a vibrant and influential forum for international industry executives to make valuable connections, enabling them to succeed in one of the world's most diverse and challenging power markets.
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.
President Umaru Musa Yar'Adua states: “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”.
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. Nigeria has the will, the money and the platform to get the power sector moving.
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