Nigeria brings electricity privatisation to Hong Kong

A government and industry delegation is aiming to sell 10 power plants to investors around the world.
<div style="text-align: left;">
Almost half of Nigeria's population lacks access to electricity
</div>
<div style="text-align: left;"> Almost half of Nigeria's population lacks access to electricity </div>

Nigerian government officials and power-sector executives visited Hong Kong yesterday as part of an investor roadshow to sell 10 gas-fired power stations.

Despite extensive oil deposits, Nigeria’s political leaders have struggled for years to improve access to electricity. The privatisations are part of a plan to transform the sector. One of the main goals of the strategy is to increase generating capacity to as much as 40 gigawatts by 2020, from today’s level of about five.

“To provide you some background as to how we got here, two important tools that led to the reforms of the sector the Nigerian Electric Power Policy 2001 and the subsequent...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222