Leadership (Abuja)
13 May 2008
Abuja — Efforts by the Federal Government to attract private investment into the power sector will further be intensified next month with the staging of a five-day 2nd Nigerian Power Sector Investment Forum scheduled for Shangai, China on 2nd June.
Titled "Partnership opportunities for Nigerian power infrastructure improvement", the international conference, according to the organisers, PowerCap Limited, a complete energy solutions provider in a statement sent to LEADERSHIP at the weekend, will provide a strategic business opportunity and high level networking platform for investors in the power sector.
Mr. Biodun Ogunleye, managing director, PowerCap Limited, listed burning issues to be highlighted at the international conference to include "Compelling opportunities in the Nigerian power sector for global players", "Accessing project finance for power projects in the Nigerian power sector from China", and "Moving Nigerian power industry from import dependent to self-sustaining".
Other topics slated for discussion are "China-Nigeria partnerships and initiatives to turnaround Nigeria power", "Promoting investment in the Nigerian power sector", and "Expectations of Chinese investors from Nigerian counterparts".
Listed as speakers at the event, meant to complement efforts by the Federal Government to attract offshore investment into the power sector, are Minister of State Power, Mrs. Fatima Balarabe Ibrahim, Minister Federal Capital Territory, Aliyu Modibbo Umar, Chairman, Nigeria Electricity Regulatory Commission, Ransom Owan, Director General, Bureau of Public Enterprises, Irene Chigbue, Director General, Nigerian Investment Promotions Commission, Mustafa Bello, and Director, International Energy Solutions Limited UK, Peter Butt.
Also listed as speakers from the private sector are managing directors of banks like Intercontinental Bank Plc (Erastus Akingbola), Oceanic Bank (Cecilia Ibru), United Bank for Africa (Tony Elumelu), Zenith Bank (Jim Ovia), Diamond Bank (Emeka Onwuka), and Skye Bank (Akinfemiwa Akinsola).
There efforts are to be complemented by international experts like President, China Machinery Import & Export Corporation, Xie Biao, President, China National Electric Equipment Corporation, Zhao Ruolin, and President, Shangdong Foreign Economic & Technology Corporation Group Limited, China , Sun Li Tang.
Explaining China as venue for the conference, Ogunleye noted that the vast resources and success recorded in the power sector by the Chinese present opportunities for China-Nigeria partnerships and initiatives to turn-around the Nigeria power sector.
The forum, according to him, would support the government's drive to provide an enabling environment for would-be equipment manufacturers and investors to gain access into the emerging Nigerian power market. Besides, he said the forum would be of real value to anyone who is considering an immediate power project investment in Nigeria.
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