Is real energy sector reform possible in poly-crisis Nigeria?

As security and economic crises pose ever more challenges, it would be a good time for Nigeria to unleash its more positive forces to avoid an even worse malaise.  But few believe the new president will be able to quickly turn things around.

C&I investments from large private sector players are advancing as are some electrification and off-grid schemes but the industry remains mired in critical liquidity issues.  The new president must also decide whether to accelerate oil and gas reforms.

Transmission company of Nigeria
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Nigeria’s Transcorp to expand gas-to-power capacity and add solar power

Issue 507 - 09 June 2024

Nigeria Stock Exchange (NGX)-listed conglomerate Transcorp Group’s two generating company subsidiaries already provide some 20% of Nigeria’s grid capacity. Now one of them, Transafam Power, is looking to increase output by 35% at many of its units while the other, Transcorp Power, is eyeing up a possible utility-scale solar plant.

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Contact Ajay Ubhi.

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