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energylaw Tag

Morgan Cole Partners > Posts tagged "energylaw"
13 September
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Investment Opportunities Under the New Regime of the Electricity Sector

Posted by Morgan Cole Partners
in Legal Advice

The Nigerian electricity market is on the brink of transformation with the enactment of the new Electricity Act 2023, which replaces the Electric Power Sector Reform Act (EPSRA) of 2005. This legal overhaul is designed to foster a more competitive, decentralized, and sustainable electricity market. Nigerian Electricity Regulatory Commission (NERC) has been creating and enforcing policies in the light of the new electricity regime in Nigeria. The framework opens the door to a myriad of investment opportunities for both local and international investors. We will be examining successful case studies from around the world, investors can glean valuable insights into...

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03 September
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TRANSITION TO STATE ELECTRICITY MARKETS IN NIGERIA

Posted by Morgan Cole Partners
in Legal Advice

Introduction The Nigerian Electricity Supply Industry (“NESI”) is currently undergoing a transition as sub nationals based on recent constitutional amendment[1] to establish and regulate their own electricity markets. This was further strengthened by the enactment of the Electricity Act of 2023 which was assented to by President Bola Ahmed Tinubu. Consequent upon the foregoing, the Nigerian Electricity Regulatory Commission (“NERC”) has granted regulatory approvals to six states — Enugu, Ekiti, Ondo, Imo, Oyo and Edo, which marks a significant milestone in the decentralization of Nigeria's power sector. This transition offers opportunities for states to craft policies that enhance energy access, stimulate...

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02 July
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REVIEW OF THE POWER SECTOR: ANALYZING THE MINI-GRID REGULATIONS, 2023

Posted by Morgan Cole Partners
in Pro Bono Work, Training

Over the years, Nigeria has experienced a remarkable paradox, one of acute energy poverty in the midst of plenty. Despite the country’s huge energy resources, including both large and small hydropower and abundant gas reserves, 44.6% of households, according to the National Bureau of Statistics do not have access to grid electricity. The federal government privatized the state-owned Power Holding Company of Nigeria (PHCN) in 2013, in the hopes that the private sector would bring the investment needed to drive the electricity sector and provide much-needed energy to millions of Nigerian households and productive users. However, eight years after privatization,...

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13 November
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UNLOCKING NIGERIA’S ENERGY TRANSITION POTENTIAL

Posted by Morgan Cole Partners
in Cultural Schemas, High Pressure, Legal Advice, Necessary Forms, Pro Bono Work, Training, Uncategorized

Nigeria, with its vast energy resources, is at a crucial crossroads in its journey towards cleaner and more sustainable energy sources. In 2022, the nation launched its much-anticipated Energy Transition Plan, aiming to reduce emissions and harness the power of natural gas. However, despite decades of planning, only a mere $1 billion of the planned $80 billion has been committed to these transformative projects. Civil society organizations, including the African Initiative for Transparency, Accountability, and Responsible Leadership, and the Natural Resource Governance Institute, came together in a policy dialogue in Abuja. Their message was clear: Nigeria declared the 2020s as the...

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