Nigeria – Power Sector Report

Categories: Electricity, Energy and Natural Resources

Price: $1,295

Description

This report provides a comprehensive industry profile, analysis and outlook of Nigeria’s power sector. Nigeria produces only about 5,000 MW of electricity but requires at least 12,000-15,000 MW to sufficiently power the country and ensure supply security and reliability. Over 50% of Africa's most populous country have no access to electricity. The lack of a reliable power supply and the constant blackouts cause severe economic damage. Commercial electricity is generated mainly from hydropower, steam plants and gas turbines in Nigeria. Until recently, the installed capacity for electricity generation was 98% owned by the Federal Government. The Government has sought to reverse the situation through the recent privatization of the sector. Private investment is expected to result in more reliable and efficient power generation.

The report provides a SWOT analysis, full overview of the power sector and its segments with a focus on the sector’s growth and value. It analyses the country’s thermal (e.g. gas and oil) and renewable energy sources including solar (photovoltaic) energy and wind energy. It analyses the sector’s potential, scrutinizes the country’s energy security, its electricity supply and demand structure. It gives and overview of the national electrification program, as well as regional interconnection. It summarizes recent developments in the sector including the major projects, companies and investors. It outlines the main factors driving growth in the sector, as well as gives details on capital and financing. The Report explains the sectoral policy and regulatory environment in the country and provides an assessment of the risks and challenges in the sector for domestic and foreign investors. Finally, it provides market trends and outlook.

The report draws on national and international data, statistics, media reports and industry insights. It is useful to domestic and international investors, policy-makers, businesses and research institutions in understanding investment opportunities, risks and challenges, legal and business environment in Nigeria.

Table of Contents

1. Nigeria: Country Brief

2. Sector Overview
- Industry profile
- Energy Sector Challenges & Reforms
- Energy Supply
- Growth is coming: 40 GW by 2020
- Electricity Consumption
- Energy Security

3. Recent developments
- Privatization of energy sector & increased investments in infrastructure
- Nigeria’s largest hydro plant under construction
- Works about to commence on 3,050 MW Mambilla Hydro Dam
- Nigeria’s largest refinery under construction
- GE - Dangote: Agreement on Power Projects
- Withdrawal of major oil producers
- Nigeria commits to nuclear science

4. Energy Sources
- Thermal power
- - Oil
- - Gas
- - Coal
- Hydro power
- Biomass
- Renewable energy
- - Renewable energy: capacity and production
- - 30,000 MW Electricity to come from Renewable Energy Sources
- - Solar
- - Wind
- Nuclear energy

5. Energy Infrastructure

6. Energy Trading

7. Regional Interconnection / Integration

8. Leading Companies
- Dangote Group
- Ughelli Power Plc
- Egbin Power Plc
- Geregu Power Plc
- Kainji Hydro Electric Plc
- Shiroro Hydro Electric Plc
- Sapele Power Plc
- Afam Power Plc

9. Drivers of growth

10. Capital and Financing

11. Availability and cost of labour

12 Policy and Regulatory Environment
- Regulatory Bodies
- Energy Sector Reforms
- Nigeria Vision 2020
- Regulations of 2012
- Renewable Energy Master Plan (REMP)
- Feed-in-Tariffs (FIT)
- Energising Access to Sustainable Energy (EASE)
- Incentives for Renewable Energy
- Electricity Licenses
- National Policy on Public and Private Partnerships (PPP)
- PPP Administration: Infrastructure Concession Regulatory Commission (ICRC)
- PPP Financing
- Merger Regulations

13. Foreign Investment

14. Risks & Challenges

15. Market Trends & Outlook

List of Figures:
Figure 1: Nigeria’s economic data, 2011-2014
Figure 2: Comparative Real GDP Growth
Figure 3: Nigeria's Energy Mix in 2013
Figure 4: Annual Power Generation 2013
Figure 5: Projected Energy Supply 2010-2040
Figure 6: Electricity consumption
Figure 7: Projected Access to Electricity Grid by household in Nigeria
Figure 8: Nigeria's Energy Mix in 2013
Figure 9: Nigeria's Energy Mix in 2025
Figure 10: Active Thermal (Gas-based) Power Plants in Nigeria, 2014
Figure 11: Upcoming Gas-based Power Plants in Nigeria
Figure 12: Upcoming Coal Power plants in Nigeria
Figure 13: Cumulative installed hydropower capacity, 2014
Figure 14: Existing hydro power plants in Nigeria, 2014
Figure 15: Annual hydropower generation
Figure 16: Upcoming Hydro power projects
Figure 17: Biomass power plants in Nigeria
Figure 18: Renewable Electricity Supply Projection
Figure 19: Upcoming Solar Power (PV) projects in Nigeria
Figure 20: Upcoming Wind projects in Nigeria
Figure 21: Energy Infrastructure Industry data, 2012-2015
Figure 22: Regional Power Interconnections in West Africa
Figure 23: Generation Companies (Gencos) and their new owners
Figure 24: Distribution Companies (Discos) and their new owners
Figure 25: Population breakdown (in millions), 2014
Figure 26: Electricity Consumption by Sector, 2013
Figure 27: Comparative salaries across sectors, 2013
Figure 28: Renewable Energy Master Plan Targets by 2025
Figure 29: Feed-in-Tariffs Structure