The highlight of POWER & ELEC NIGERIA 2023 shall be the 500+ pre-arranged B2B meetings for our exhibitors.
Currently, Nigeria generates 50 per cent of the installed capacity of 13.5GW.
The gap reflects power insufficiency. At present, only 45- 60 per cent of the Nigerian population is connected to the grid; but get about four hours of power supply.However, in the corporate sector, about 90 per cent depend on private generators to meet the power requirement. To address the acute shortage, the Federal Government of Nigeria has initiated investments in the solar power sector.
These reforms are ably aided by private investments. Privatizing the generation and distribution assets has helped significantly.
The country power peak demand is expected to touch 15GW by 2025.
The government aims to reach electricity to 90 per cent of the people in the country by 2030.
Though generation capacity has been increased through private investments, the actual power generation is lesser than the envisaged capacity. Also, the lack of transmission and distribution infrastructure is a major hurdle
As per a government communique, the country requires immediate funding of $40 billion in the generation, transmission and distribution segments. On its part, the government plans to invest $3 billion to $5 billion over the next 24 months. At the outset, experts estimate the investment opportunity in the range of 100 billion in the region.
The country has set an ambitious target to harness renewable source power. The government has set a target to achieve 23 per cent of the energy mix by 2025 and 36 per cent by 2030 through renewable power sources
Wind : Nigeria estimated solar potential is pegged at 427 GW or $9.2 billion per year solar mini gird opportunity. It imported $150 million worth of equipment in 2019. The import value of solar equipment grew by 51 per cent in the recent past.
The African continent has metamorphosed from continent of hopelessness to an investment destination in the last few years. The transformation has attracted global attention to the African region. Lead by infrastructure development, the investments in emerging sectors such as financial services, educational technology, financial technology etc., recorded a steady flow into the region. The power and energy segment, in particular, witnessed a higher focus towards generation, transmission and distribution. The investments in renewable energy, the most powerful tool for decentralised power distribution, also marked a significant rise in the region. Considering the massive power demand and supply gap, Nigeria offers a gold mine of opportunity for global power stakeholders.
Captive and Co-generation Plants, Geo Thermal, Thermal Power, Decentralised Generation, New & Renewable Energy Plants
Utilization, Controlling and Measuring Equipment
Transmission & Distribution Equipments
An opulent and luxurious 5-star hotel in Lagos, Sun International Federal Palace is conveniently located in the heart of Victoria Island commercial district. With eleven elegant conference, external ball room and meeting rooms to choose from, the Federal Palace is one of the best Exhibition & conference venues in Lagos. Equipped to host a wide range of events, from small meetings to large conferences.