Modupe Gbadeyanka
By Modupe Gbadeyanka
The rebranded Future Energy Nigeria will return to Lagos in November, precisely on 7-8, 2017 at the Eko Hotel & Suite Convention Centre in Lagos.
It will focus on the bold turnaround plan of the Nigerian government, known as the Power Sector Recovery Program, which is earmarked to restore investor confidence in the sector following reported problems in the country’s electricity market.
Already, $7.6 billion has been earmarked for this recovery process that the government developed in partnership with the World Bank.
“The Nigerian government is serious about restoring investor confidence and providing an enabling environment to grow private investments in the electricity sector,” says Claire O’Connell, event director of Future Energy Nigeria. She adds: “there are huge opportunities in the Nigerian electricity supply industry for local and international investors. There are also very advantageous incentives in place for investors such as cost reflective tariffs for electricity, 0% duty on power generation equipment and 20% capital allowance for five years.”
According to Future Energy Nigeria’s Claire O’Connell the extensive opportunities in Nigeria for technology and service providers to the industry include expansion of existing facilities in generation, transmission and distribution; manufacturing of wires, cables, transformers and other auxiliary equipment; building new integrated power plants (IPPs); expansion of existing transmission lines; production and distribution of metering devices; and provision of operations and maintenance services.
Some conference speakers include Onyeche Tifashe, CEO, Siemens, Nigeria; Akinwole Omoboriowo, CEO, Genesis Energy, Nigeria; Patrick O. Okigbo III, Principal Partner, Nextier, Nigeria; Sunkanmi Olowo, Head SME Banking, Ecobank, Nigeria; Bart Nnaji, CEO, Geometric Power, Nigeria; Joy Ogaji, Executive Secretary, Association of Power Generation Companies, Nigeria; and Joel Abrams, Managing Director, Nigeria Solar Capital Partners, Nigeria.
Others are Olumide Noah Obademi, CEO, Afam Power PLC, Nigeria; Nicholas Okafor, Partner, Udo Udoma & Belo-Osagie, Nigeria; Olubunmi Peters, Executive Vice Chairman, North South Power Shiroro, Nigeria; Segun Adaju, President, Renewable Energy Association of Nigeria; and Engr. Faruk Yabo, Director Renewable Energy & Energy Efficiency, FMoPWH.
Future Energy Nigeria (formerly known as the West African Power Industry Convention – WAPIC), is recognised as being a distinctive gathering of stakeholders within the power value chain which includes governments, power generation companies, transmission and distribution companies, off takers, developers, Investors, Equipment manufacturers and providers, technology providers, EPCs, legal and consulting firms all with a shared goal of supporting the on-going implementation of finding lasting solutions to Nigeria’s energy challenges. Co-located to the event is the Oil & Gas Council’s Nigeria Assembly.
It is organised by Spintelligent, a multi-award-winning Cape Town-based exhibition and conference producer across the continent in the infrastructure, real estate, energy, mining, agriculture and education sectors.
Other well-known events by Spintelligent include African Utility Week, Future Energy East Africa (formerly EAPIC), Future Energy Central Africa (formerly iPAD Cameroon), Future Energy Uganda, Agritech Expo Zambia, Kenya Mining Forum, Nigeria Mining Week and DRC Mining Week. Spintelligent is part of the UK-based Clarion Events Group.
