PowerSector Reforms New World Nigeria电力行业的改革——新世界尼日利亚.pptVIP

Nigeria Business and Investment Summit, London. July 30, 2012. Investment Opportunities in the Nigerian Power Sector by Prof. Bart Nnaji Honourable Minister of Power The Federal Government of Nigeria has a “Vision 20-2020”: 40,000MW of power by the year 2020 Current installed capacity of 8,425MW is 20% of vision target Available capacity is only about 50% of installed capacity Massive expansion in generation, transmission and distribution infrastructure (US$100b in 10 years) needed Generation alone requires over $3.5billion/year for the next 8 years Government is unable to fund and manage this requirement. Hence, the decision to reform the sector Federal Ministry of Power * Nigeria needs to dramatically increase its power generation to unlock the country’s full economic potential * * * * * * Power generation installed capacity 1 Capacity estimate based on consumption per capita average of Brazil and South Africa and with capacity utilization of 70% To achieve Brazil GDP per capita level by 2030 (i.e., $10,000), we will need 135GW1 of capacity to supply a projected 230m Nigerians This is a 15 times capacity increase from today It also means we need to build power plants at 7 GW/year for the next 18 years. kW / thousand inhabitants * Federal Ministry of Power Monopoly of the Nigerian Power Sector – Single authority National Electric Power Authority (NEPA) was in place up until 2005 Inefficient management of power supply systems High technical and non-technical losses in the power system Corrupt public-owned and public-managed power sector Obsolete and inefficient power infrastructure owing to little or no maintenance Minimal investment in power Low tariff rates with low collection rates Federal Ministry of Power * Federal Ministry of Power * Nigeria had one of the lowest low tariff levels in Sub-Saharan Africa making it uncompetitive for private sector participation. A new cost reflective tariff commenced June 1, 2012 to enable investors reco