- The Invest in African Energy 2024 facilitates investment between African energy markets and global investors and holds from May 14-15.
- Nextier Power will discuss opportunities to finance, service, and expand Nigeria and Africa’s power sector.
Emeka Okpukpara, the partner for Nextier Power, will speak at the Invest in African Energy (IAE) forum in Paris this May. Nextier Power, a subsidiary of Nextier Capital, is a multi-competency firm that solves complex development problems, focusing on resolving power sector issues, improving market liquidity, and enabling rural electrification.
IAE 2024 is an exclusive forum facilitating investment between African energy markets and global investors. The Paris event, scheduled for May 14-15, 2024, offers delegates two days of intensive engagement with industry experts, project developers, investors, and policymakers.
Nextier Power will discuss opportunities to finance, service, and expand Nigeria and Africa’s power sector as the forum aims to connect bankable energy projects with the requisite investments.
Currently, the power sector in Nigeria is undergoing a complete overhaul as the federal government implements several reforms to bridge the country’s metering gap, de-risking the sector and solving financial liquidity issues.
Earlier this week, the federal government announced a directive for the country’s electricity distributors to supply 6,000 to 6,500 megawatts (MW) of power within the next six months, up from 4,000 MW, to eliminate power cuts and boost power supply.
According to the IEA, Africa will need investments of up to $190 billion annually between 2026 and 2030 to meet rising energy demand. Nigeria prioritises sufficient baseload power generation, primarily through coal and gas-fired power plants, and then gradually transitions to cleaner energy sources.