1. Sustainable development: is unobtainable without the provision of constant power. Nigerian Power sector is in crises, capacity does not meet current demand; anticipated population growth and increases in energy demand have not been adequately provided for. The Nations energy supply strategy must be forward looking catering for expanding demand. Developing nation’s energy requirements are ever increasing in their effort to remove the shackles of underdevelopment. Privatisation, competition and regulation will help. In other countries key manufacturing concerns collaborate with energy companies in investing in power plants to safeguard their energy supplies and have control on this input. Competition and increased power supply will result in reduced energy costs and reduced manufacturing costs.
2. Power Supply: Nigeria is currently grossly undersupplied as its energy demand far exceeds its current generating capacity. Installed capacity is epileptic and current generation levels are far below actual capacity. There are also problems of distribution and revenue generation. Unreliable power supply has made our industries uncompetitive, and unproductive with diminishing capacity utilisation. Health and safety of citizens is also adversely affected by lack of constant power. In general the lifestyle and wellbeing of Nigerian Citizens and residents suffers tremendously and needs addressing. It is a shame that a Nation of the size of Nigeria cannot boast of at least one town, city or State that has continuous uninterrupted power supply. The fulfilment of this dream is one of the aims of the Institute.
3. Privatisation and commercialisation: Government through its policies have broken up the state monopoly National Electric Power Authority NEPA into separate companies headed by The Power Holding Corporation of Nigeria (PHCN), prior to its eventual privatisation. The policy has divided the Nation into separate regions, with separate entities for Power Generation, Transmission & Distribution. Legislation has ensure that the power sector is now open to independent power producers. The BPE programme aims to ensure that the State owned generating and distribution companies are fully privatised while distribution will be publicly owned with private management. Please click the following link for further information.
4. Opportunities: abound in the Power Sector as most of the inputs are abundantly availably in the country, namely Gas, Oil, Coal, Solar Power, Bio Fuels such as ethanol and indeed Nuclear Power as Nigeria has sizable deposits of Uranium in Northern Nigeria. For Further Information on National Energy Plans and Investment Opportunities please click the flowing link to the Federal Ministry of Power for further information.
5. State Energy Needs: States with large population centres or mega cities such as Lagos, Kano, Port Harcourt, Onitsha and Ibadan will need to develop specific energy policies to cater for the growing demand. These population/industrial/commercial centres will require specific power generation plants to cater for their industrial and residential consumption. It is anticipated that regions/states with excess generating capacity will be able to supply other states and also export power to neighbouring countries. There will be a need for legislation/regulations to allow states/regions to lease or develop their own independent transmission for new towns, cities, residential and industrial layouts so as to ensure that generated power is transmitted and distributed locally and not shed to other locations as is the current dispensation.
The Institutes Aim For the Power Sector:
a) Develop feasibility studies on cost of providing energy plants state by state.
b) Provide feasibility reports for small and medium scale Power plants 2.5MW to 25MW to serve a town, city, industrial park or residential estate
c) Provide Feasibility Reports for Power plants to serve Mass Transit programmes such as Trams, Rail lines or Metro lines in major cities.
d) Liaise with foreign energy firms, plant manufacturers and local customers towards joint venture operations, providing added generating capacity.
e) Develop body of regulations, policies and laws to encourage private sector involvement and competition in this sector.
f) Develop proposals to Reduce government involvement as participants to regulation, via independent regulators set up with legislative provisions