Investment prospects vast in SS-Africa power sector

By OKORO CHINEDU in Lagos, Nigeria
LAGOS, (CAJ News) – FORWARD-looking governments in Sub-Saharan Africa are proactively developing energy infrastructure hence the anticipation continued investment in the short and medium term.
This is the sentiment of Connie Ochola, Regional Marketing Manager for at Lucy Electric, a leading secondary distribution solutions company with a great heritage and strong history in West Africa.
She was speaking ahead of the Future Energy Nigeria set for November.
“There are currently over 100 projects underway in Nigeria alone,” Ochola said.
These cover solar, hydro, biomass, wind, oil, coal, natural gas and grid infrastructure.“In West Africa the Northern Nigeria region has recorded some of the highest solar radiation in the world making photovoltaic projects a focus for renewable energy in the region,” Ochola said.
The rebranded Future Energy Nigeria, West African Power Convention, will gather all the stakeholders within the power value chain in Lagos.These include government officials, utilities, financiers and suppliers.
They will focus on the vast investment opportunities in the Nigerian power sector as well as the turnaround plan of the Nigerian government, known as the Power Sector Recovery Programme, which is aimed at restoring investor confidence in the sector.Lucy Electric is a returning platinum sponsor.
“The continued electrification across the region is creating great
prospects in the sector and Future Energy Nigeria gives us the chance to showcase our products, services and leading expertise in one of our key growth markets.”
– CAJ News

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