Opportunities in the Nigerian Power Sector

by the Federal Government hence, the

Introduction
To

meet

the

targets

set

out

in

the

programme Vision 20:2020; the Federal

need for private investment.

Government of Nigeria has set a generating

Generation
The National Council on Privatisation (NCP)

target of 40,000 MW. Moreover, to reach this

and the Bureau of Public Enterprise (BPE) on

relatively

require

behalf of the Federal Government have

investments in power generating capacity

placed an advert for by core investors to

alone will require at least USD$35 billion i.e.

express their interest in the thermal power

investing US$3.5 billion over a period of 10

stations and as concessionaires for the

years and an additional US$15 billion will be

hydro power stations through International

required in the other parts of the supply

Competitive Bidding (ICB).

chain i.e. fuel-to-power infrastructure, and

Transactions will include:

the



modest

power

ambition

transmission

will

and

distribution

Ughelli Power Plc in Delta Area with

networks. This comes to a total expected

capacity of 972 MW

investment in the power sector to USD$50



billion

capacity of 414 MW

over

conservative

the

next

estimates.

10

years

These

using

required

investments will not be funded and directed



Geregu Power Plc in Kogi State with
Afam Power Plc in River State with

capacity of 776 MW



Sapele Power Plc in Sapele, Delta State

with capacity of 1020 MW

the network infrastructure.
Distribution

Transmission
The

Government's

target

to

raise

transmission capacity from 330kv to 700kv is being aggressively pursued as it has made investment in the expansion, reliability and stability of

of

USD

$3.5

billion

for

construction of a 700kv super transmission grid that would enable power generation companies to transmit more than