Nigeria holds huge potentials for power investors says energy researcher
Africa House, the research partner of the premier African power sector conference and exhibition, POWER-GEN & DistribuTECH Africa, believes Nigeria holds great potentials for power investment in the continent.
The Director Projects & Development Finance, Africa House, Mr. Paul Runge reports that his recent missions to Nigeria have revealed numerous opportunities for power sector businesses, particularly those operating in the renewable energy, solar energy, power storage, technical and training and specialist financial consulting arenas.
“With a population officially in the region of 186 million, serious power challenges and massive industrial growth potential, Nigeria is actively seeking new and viable power solutions to drive economic growth,” Runge said.
Runge said this while creating awareness for the 2018 Power-Gen & DistribuTECH Africa which holds from July 17-19 at the Sandton Convention Centre, South Africa.
The event is expected to be attended by over 3,000 stakeholders in the power industry, utilities and sub-Saharan government officials from pan-Africa and abroad.
Runge, said the event will help Africa renew its efforts to take power access to over 650 million under-served citizens across the continent.
He stressed that some of the topics that will be discussed at the 2018 Power-Gen & DistribuTECH Africa will include Financing, Electricity Industry Strategy, Digitization, Thermal Power Generation, Renewable Energy, Storage, Environmental Impact Technology, and Power Delivery & Customers.
According to him, with the hope to foster beneficial business partnerships in Nigeria, Africa House has included delegates from several key Nigerian power organizations in the sub-Saharan VIP delegation to be invited to attend POWER-GEN & DistribuTECH Africa 2018, and to participate in the event’s B2B meetings.
Speaking on the programme, Senior Research Executive at Africa House, Mrs. Sue Bowden, said that over 40 senior engineers, project managers and decision-makers from energy ministries, power utilities, projects and regional authorities in key power development regions have been identified for invitations to participate in this year’s sub-Saharan VIP delegation.
“We have targeted nine countries and regions where power projects are currently in the pipeline, offering potential business partners good business opportunities,” Bowden said.
According to her, these include East Africa, Nigeria, Tanzania, Kenya, Namibia, Botswana, Mozambique and Zimbabwe, adding that the VIPs will participate in the POWER-GEN & DistribuTECH Africa B2B matchmaking and business meeting programme throughout the three days of the event.
“Since this initiative’s inception, the sub-Saharan VIP and delegate matchmaking and B2B meetings have proved highly successful, with around 260 one-on-one meetings scheduled each year and participants reporting an 80% success rate.
“B2B matchmaking is available to all POWER-GEN & DistribuTECH Africa exhibitors and conference delegates” Bowden added.
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