Nigeria Power Market 2021: The Prospect of Long-Promised Recovery May be in Sight

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Nov 01, 2021, 14:00 ET

DUBLIN, Nov. 1, 2021 /PRNewswire/ -- The "Nigeria Power Report 2021/22" report has been added to ResearchAndMarkets.com's offering.

The Nigeria Power Report 2021 shows that the challenges facing the power sector are likely to continue in the medium-term. The lack of gas supply, insufficient T&D infrastructure, and sector illiquidity will contribute to an environment where new IPPs are unlikely to emerge in the coming years. However, after many false dawns the prospect of long-promised recovery may be in sight.

Government policies, supported by the World Bank, look to resolve some of the key issues holding the sector back. Their success will lead to improvements in transmission and distribution - both financial and infrastructural - while the recent passing of the Petroleum Industry Bill will provide much needed clarity for the sector and could unlock new gas supply to the domestic market, as will the construction of major gas pipeline projects. Combined, these may break down some of the major barriers for new IPPs.

In the near term, opportunities for private participation are emerging beyond new build generation. Plans are afoot to privatise the Transmission Company of Nigeria, while state-owned National Integrated Power Projects are being retendered after an unsuccessful privatisation attempt several years ago.

Analysis is underpinned and informed by independent power generation forecasts based on the actual project development pipeline, with data drawn from African Energy Live Data - a proprietary database of more than 6,700 power projects and plant.

The report examines the progress and impact of the government's reform programme alongside the wider challenges facing the electricity supply industry as it tries to improve electricity supply.

Independent supply and demand outlook - Installed capacity is woefully insufficient to meet demand and hampered by numerous constraints. The report includes African Energy's five-year supply and demand forecast analysing installed generation capacity, available generation, fuel supply and network constraints.
T&D opportunities - The government continues its privatisation drive with plans to sell Nigeria's transmission entity and the proposed franchising of distribution. The report examines the impact of these moves, the role of mini-grids, and what possible opportunities may arise for T&D participants.
Gas supply will be crucial - Gas will continue to fuel Nigeria's power sector for many years to come while oil continues to play a key role in the country's economy. The report includes a detailed assessment of the Petroleum Industry Bill and a forward-looking projection of gas availability for the power sector.
Off-grid growth opportunities - the use of backup diesel generators is widespread, but opportunities for renewables solutions are growing. The report examines the regulations for off-grid generation and distribution and the emerging opportunities for entering this growing sub-sector.
Political and economic risk - With President Buhari reaching the mid-way point of his final term and the economy reeling from the impacts of Covid-19 and the fall in oil prices from their early 2010s peak, the report explores the political dynamics influencing the future of Nigeria's government and questions whether the bleak economic picture will improve in the coming years.

Key Topics Covered:

Executive summary
Risk management report
Political risk
Macroeconomic overview
ESI Overview
Power sector policy
Regulation and procurement
Oil, gas and other resources
Demand and supply outlook
Transmission and distribution
Off-grid
Commercial and industrial market
Competitive landscape
Installed capacity data (including breakdowns by fuel, technology, ownership, and for individual states)
Power general projects (operating, under construction, in development)

Companies Mentioned

4Power Consortium Ltd
Abuja Electricity Distribution Company
Amperion Power Distribution Ltd
Aura Energy Ltd
Azura Power
Benin Electricity Distribution Company
Bureau of Public Enterprises (BPE)
China National Electric Engineering Company (CNEEC)
Engie
Eko Electricity Distribution Company
Eni
Enugu Electricity Distribution Company
GE
Ibadan Electricity Distribution Company
Ikeja Electricity Distribution Company
Integrated Energy Distributing and Marketing Ltd
Interstate Electrics Ltd
Jos Electricity Distribution Company
Kano Electricity Distribution Company
Korea Electric Power Corporation (Kepco)
Mainstream Energy Solutions
New Electric Distribution Company
Nigeria Bulk Electricity Trading Company (NBET)
Niger Delta Power Holding Company (NDPHC)
Nigeria Electricity Regulatory Commission (Nerc)
Nigerian National Petroleum Corporation
North South Power Company
Paras Energy
Pacific Energy
Port Harcourt Electricity Distribution Company
Quest Electricity Nigeria Ltd
Rockson Engineering Nigeria Ltd
Sahelian Power
Shanghai Municipal Electric Power Company
Shell Petroleum Development Company (SPDC)
Sinohydro
Transcorp Ughelli Power
Transmission Company of Nigeria (TCN)
Vergnet
Vigeo Power Ltd
Wa?rtsila?
West Power and Gas Ltd
Winch Energy
World Bank Group
Yola Electricity Distribution Company

For more information about this report visit https://www.researchandmarkets.com/r/u4qvoh

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