DETAIL Partner, Dolapo Kukoyi Speaks at the 2015 Powering Africa: Nigeria Meetings

DETAIL Partner, Dolapo Kukoyi, spoke at the Powering Africa: Nigeria meetings held on the 14 – 15 September, 2015 at Transcorp Hilton, Abuja. The conference theme was “Maintaining Momentum in Nigeria’s Power Sector”. Joining a panel at the session of the conference entitled “Releasing Private Sector Capital for Investment in the Power Sector,” Dolapo shared pertinent views on the current limitations that hinder the bankability of power projects. One of such limitation is that although the sector industry agreements have been executed with the privatized PHCN generation and Distribution companies, there is not yet a track record to show how the contracts actually work. With the Transitional Electricity Market now declared open, the Industry Agreements need to build operational momentum; therefore, investors will need to exercise patience to see how the agreements operate in order to identify the related risks and better plan to manage such risks.

Another limitation Dolapo raised during her remarks is the lack of guarantees on rate of returns. The Nigeria Bulk Electricity Trader and other government entities are not willing to provide the guarantees which investors need. This remains a gap which will need to be deliberated between the Nigerian government, commercial banks, development finance institutions and private investors to come up with creative solutions.

Dolapo also served as moderator for the session of the conference entitled “Nigeria’s Energy Mix and the Participation of IPPs,” navigating a lively discussion on harnessing diverse energy sources in Nigeria, including gas, coal, hydro, solar, and other renewables. The discussions also highlighted factors influencing a successful energy mix, which include sources of finance, cost efficiency, geographic availability of energy source, and legal and regulatory requirements.

DETAIL Partner, Dolapo Kukoyi, spoke at the Powering Africa: Nigeria meetings held on the 14 – 15 September, 2015 at Transcorp Hilton, Abuja. The conference theme was “Maintaining Momentum in Nigeria’s Power Sector”. Joining a panel at the session of the conference entitled “Releasing Private Sector Capital for Investment in the Power Sector,” Dolapo shared pertinent views on the current limitations that hinder the bankability of power projects. One of such limitation is that although the sector industry agreements have been executed with the privatized PHCN generation and Distribution companies, there is not yet a track record to show how the contracts actually work. With the Transitional Electricity Market now declared open, the Industry Agreements need to build operational momentum; therefore, investors will need to exercise patience to see how the agreements operate in order to identify the related risks and better plan to manage such risks.

Another limitation Dolapo raised during her remarks is the lack of guarantees on rate of returns. The Nigeria Bulk Electricity Trader and other government entities are not willing to provide the guarantees which investors need. This remains a gap which will need to be deliberated between the Nigerian government, commercial banks, development finance institutions and private investors to come up with creative solutions.

Dolapo also served as moderator for the session of the conference entitled “Nigeria’s Energy Mix and the Participation of IPPs,” navigating a lively discussion on harnessing diverse energy sources in Nigeria, including gas, coal, hydro, solar, and other renewables. The discussions also highlighted factors influencing a successful energy mix, which include sources of finance, cost efficiency, geographic availability of energy source, and legal and regulatory requirements.

DETAIL Partner, Dolapo Kukoyi, spoke at the Powering Africa: Nigeria meetings held on the 14 – 15 September, 2015 at Transcorp Hilton, Abuja. The conference theme was “Maintaining Momentum in Nigeria’s Power Sector”. Joining a panel at the session of the conference entitled “Releasing Private Sector Capital for Investment in the Power Sector,” Dolapo shared pertinent views on the current limitations that hinder the bankability of power projects. One of such limitation is that although the sector industry agreements have been executed with the privatized PHCN generation and Distribution companies, there is not yet a track record to show how the contracts actually work. With the Transitional Electricity Market now declared open, the Industry Agreements need to build operational momentum; therefore, investors will need to exercise patience to see how the agreements operate in order to identify the related risks and better plan to manage such risks.

Another limitation Dolapo raised during her remarks is the lack of guarantees on rate of returns. The Nigeria Bulk Electricity Trader and other government entities are not willing to provide the guarantees which investors need. This remains a gap which will need to be deliberated between the Nigerian government, commercial banks, development finance institutions and private investors to come up with creative solutions.

Dolapo also served as moderator for the session of the conference entitled “Nigeria’s Energy Mix and the Participation of IPPs,” navigating a lively discussion on harnessing diverse energy sources in Nigeria, including gas, coal, hydro, solar, and other renewables. The discussions also highlighted factors influencing a successful energy mix, which include sources of finance, cost efficiency, geographic availability of energy source, and legal and regulatory requirements.