Power

POWER-UP NIGERIA SUMMIT 2019

Theme: Meeting The Nation’s Power Needs: Challenges & Opportunities

Outlook
With a population of approximately 195million and a yearly % increase of 2.61 million as at 2018, Nigeria’s electricity capacity with available generation hovering around 7,000MW is largely insufficient. The Nigerian Government’s target to achieve a whopping 20GW of electricity by the end of the year 2020 is commendable but not a few are doubtful as to its possibility due to decades of unfulfilled promises. The inability of the Nigerian Electricity Supply Industry (NESI) to attract the required investments across the entire value chain due to acute challenges like the lack of cost reflective tariffs, huge aggregate technical, commercial and collection (ATC&C) losses, gas supply, under-developed transmission infrastructure, corruption and so on are key pointers that raise doubts. According to World Bank reports, only 55% of Nigeria’s growing population receive electricity which at best is erratic. With obviously skyrocketing power demands, the need to re-think the current strategy is very evident if the vision 2020 agenda is to be successfully achieved. Despite immense energy potentials, shocks from the electricity crises in Nigeria continue to stall much needed socio-economic development in Nigeria.

The Guardian is organizing the second edition of its Power summit with the theme: Meeting the Nation’s Power Needs: Issues, Challenges and Opportunities.
The crux of this summit is anchored on pivotal issues that will engender economic development, global competitiveness and quality service delivery through turn-around performance of Nigeria’s power sector.
The event will be built around keynotes and a panel session delivered by a host of key thought leading stakeholders in Nigeria power landscape drawn from the public and private sector.

Sub – Themes:

 Solving the huge Metering challenge

 MAP (Meter Assets Providers Acts): Reviews, challenges and next steps

 Bridging the infrastructure gaps in power generation, transmission & distribution

 Power Sector Regulation: Policy review and reforms

 Power generation efficiency : Present challenges in Nigeria

 Electricity Pricing Challenge: Proffering lasting solutions

 The electricity Multi-Year Tariff Order (2012-2017) financial model, its underlying assumptions and its analytical value.

 Opportunities and challenges in Renewable Energy

 General Overview of the new NESI structure and market design

 Gas to power: Availability, affordability, deliverability and commercialization

 Market reform framework review

Summit Focus: The forum will serve as a platform for NERC and the financial services industry to understand each other’s perspectives about the power sector. The forum will bring industry stakeholders together to enhance multi-stakeholder assessment, cross-pollination and synergy. The forum will offer a channel for all stakeholders to express their views and discuss their needs plans and interests in the venture. This summit will serve as a platform to explore investment and participatory opportunities in the NESI. The event will also serve to open up, explore or develop best practices in the Nigerian context efficiency and effectiveness in the power sector.

EVENT DETAILS
VENUE: Federal Palace Hotel, Victoria Island, Lagos
DATE: July 25, 2019
TIME: 9:00am

Target Audience:
Bureau of Public Enterprise, CBN Central Bank of Nigeria, Energy Commission, Electricity Distribution Companies, Electricity Management Services Limited, Electricity Power Sector Reform Act committee, Foreign Direct Investors, Federal Executive Council, Federal Government of Nigeria, Federal Ministry of Environment, Federal Ministry of Finance, Federal Ministry of Power, Federal Ministry of Water Resources, Independent Power Producers, International Standard Organization, Key Performance Indicator agencies, National Assembly, Nuclear Atomic Energy Commission, National Power Training Institute of Nigeria, Nigerian Content Development and Monitoring Board, Nigerian Content Implementation/Monitoring Unit, Nigeria Electricity Liability Management Company Limited, National Electricity Regulatory Commission, Nigerian Electricity Supply Industry, National Integrated Power Project, Nigerian National Petroleum Cooperation, National Office for Technology Acquisition and Promotion, National Planning Commission, Nigerian Power Sector Content Development Policy, Rural Electrification Agency Of Nigeria, Standard Organization of Nigeria, Transmission Company of Nigeria, Discerning professionals and individuals.

Invited Speakers / Panelists are drawn from operators, investment bankers, consulting firms, Government and regulatory bodies, private sector etc.