Power, Insights

Empowering the Future: Analysing Regulatory Policies to Catalyse Investment in Renewable Thermal Energy in Nigeria

Recently, President Bola Ahmed Tinubu inaugurated the new 350 Mega Watt (MW) Gwagwalada Independent Thermal Power Plant (Phase 1), projected to be completed within three (3) years. It is anticipated that the thermal plant will increase Nigeria’s cumulative power by 3,600MW, and generate multiple foreign direct investments for the country. This is a laudable move by the President, as it demonstrates the political will to bring to fruition the administration’s plan to boost power generation beyond the currently installed capacity of 12,000 MW.

Nigeria’s transmission network currently consists of a wheeling capacity of 5,300 MW, higher than the average operational generation capacity of 3, 879 MW, which is far below the total installed  generation capacity of around 12,522MW. This disparity between the installed and generation capacity is a result of the losses across the network, which reflects the critical infrastructure and operational challenges in the transmission subsector, and in the Nigeria Electricity Supply Industry (NESI), making it impossible for the NESI to deliver Nigeria’s present energy needs…

 

 

To read the full article, kindly download the PDF

Aderemi Ogunbanjo

Partner

Sandra Osinachi-Nwandem

Senior Associate

Eyitayo Ajisafe

Associate

Practice Key Contacts

More To Read

17/08/2026
Nigeria’s Offshore Investment Outlook: US$30–50 billion in Projects Expected to Drive Upstream Growth Between 2026 and 2030

Nigeria’s upstream oil and gas sector is projected to witness significant offshore investment over the next four years, with at least 22 major offshore projects

30/07/2026
Building on Series I: Federal Government Set to Issue ₦729 Billion Series II Bond to Deepen Liquidity Restoration in Nigeria’s Power Sector

Dear Readers,   Nigeria’s efforts to restore financial stability in its electricity sector have entered a new phase. Following the successful issuance of the ₦501