PRTODAY / NewswireToday Free press release distribution service network

More news: Energy
Written by / Agency / Source: Frost & Sullivan

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Nigerian Power Industry on a Growth Projectile Owing to Governments Privatisation Efforts - New analysis from growth consulting company Frost & Sullivan, Strategic Analysis of the Nigerian Electricity Industry, finds that the market earned revenues of $714 million in 2006 and expects this to reach $2.038 billion in 2010
Nigerian Power Industry on a Growth Projectile Owing to Governments Privatisation Efforts

 

NewswireToday - /newswire/ - Cape Town, South Africa, 2007/10/23 - New analysis from growth consulting company Frost & Sullivan, Strategic Analysis of the Nigerian Electricity Industry, finds that the market earned revenues of $714 million in 2006 and expects this to reach $2.038 billion in 2010.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Nigerian power sector reforms are slowly breaking the state’s monopoly in the electricity industry. The World Bank and several private companies are investing a substantial amount in improving the capacity and efficiency of the country’s generation, transmission and distribution segments.

New analysis from growth consulting company Frost & Sullivan (energy&power.frost.com), Strategic Analysis of the Nigerian Electricity Industry, finds that the market earned revenues of $714 million in 2006 and expects this to reach $2.038 billion in 2010.

"The National Electric Power Authority (NEPA) has been unbundled into 18 semi-autonomous companies," remarks Frost & Sullivan Research Analyst Moses Duma. "Additionally, at least 20 independent power producers (IPPs) have been licensed to produce or distribute power in Nigeria."

The moves to upgrade power services, emerging service markets, and the installation of new power plants will benefit equipment suppliers. Over $20 billion has been invested in upgrading, maintaining and installing equipment. These efforts are also set to improve the ability of the power sector to meet current and future demand.

However, the Nigerian electricity industry could face some challenges due to an erratic supply of gas from the Niger Delta, since the majority of power plants in Nigeria depend on gas from the Delta region.

"The commissioning of several key power plants such as Geregu, Omotosho and Omoku have been significantly delayed due to the irregular supply of gas," notes Duma. "Meanwhile many existing power plants are also experiencing problems, causing them to operate far below their installed capacity."

The Nigerian Government therefore needs to take a leading role in guaranteeing a reliable supply of gas and water. This is achievable by channelling substantial Government funding towards securing these resources.

In addition, private companies investing in power generation should ensure that they strategically locate their power plants near to these resources. The Government should also offer incentives to prevent oil companies in Nigeria from flaring over 60 per cent of their gas and rather channel it towards power production.

If you are interested in a virtual brochure, which provides manufacturers, end users and other industry participants with an overview of the Strategic Analysis of the Nigerian Electricity Industry, then send an email to Patrick Cairns, Corporate Communications, at patrick.cairns[.]frost.com, with your full name, company name, title, telephone number, fax number and e-mail address. Upon receipt of the above information, an overview will be sent to you by email.

Strategic Analysis of the Nigerian Electricity Industry is part of the Energy & Power Growth Partnership Service programme, which also includes research in the following markets: Country industry forecast: the Indian energy industry; Country industry forecast: the German energy industry; Africa steam and gas turbine markets. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews with the press are available.

About Frost & Sullivan
Frost & Sullivan, the Growth Consulting Company, partners with clients to accelerate their growth. The company's Growth Partnership Services, Growth Consulting and Career Best Practices empower clients to create a growth focused culture that generates, evaluates and implements effective growth strategies. Frost & Sullivan employs over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 30 offices on six continents.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Frost & Sullivan

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Energy articles,
CATCH Visitors via Your Competitors Announcements!


Nigerian Power Industry on a Growth Projectile Owing to Governments Privatisation Efforts

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

Frost & Sullivan |
Publisher Contact: Patrick Cairns 
+27 21 680 3274 patrick.cairns[.]frost.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Frost & Sullivan securities in any jurisdiction including any other companies listed or named in this release.

Energy via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Frost & Sullivan / Company Profile


Read Energy Most Recent Related Newswires:

GE and Sarawak Energy Sign Multiyear Deal in Malaysia for Tanjung Kidurong Power Station, Bintulu
GE Hitachi Nuclear Energy and Bechtel Form Decommissioning Alliance
GE Equips New 1,320 MW CPHGC Power Plant to Help Pakistan Meet Growing Energy Needs
SolarWinds Empowers IT Professionals with the Ultimate Hybrid IT Performance Management Platform
Invenergy Closes Purchase Agreement for the La Jacinta Solar Farm in Uruguay
ENGIE Acquires EV-Box - The Largest European Electric Vehicle Charging Player
GE Renewable Energy to Showcase Expertise in Hydropower At Africa 2017 In Marrakesh, Morocco
GE Awarded Contract for First HA Gas Turbine in China
GE Power Signs Multiyear Agreement and First Cybersecurity Solution in Latin America
GE Hitachi Nuclear Energy and ARC Nuclear Announce Cooperation to Accelerate Commercialization of Advanced Small Modular Reactor
Shermco Industries Receives Gold Safety Recognition from the American Wind Energy Association
GE’s Fuel-Flexible Power Plant Brings Vital Energy Boost to Ghana
ENGIE Wins Nearly 78 MW of Photovoltaic Projects in France
Enel Launches Innovation Hub with UC Berkeley Accelerator in its First Partnership with A Major Multinational Corporation
ENGIE Welcomes the GE Water & Process Technologies Takeover by SUEZ

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  MagLar, Inc.

Visit  NAKIVO, Inc.





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)