Electric Power

G. Elias & Co. has been in the forefront of Nigeria’s rapidly-growing electricity sector. Some of our most significant work has involved advising successful bidders for key parts of the old, government-owned electricity monopoly: one generation company and two of the nations’ largest distribution companies. We advised Federal Government-backed single buyer on negotiating power purchase contracts and vesting contracts, on its payment support package options and on the various gas, privatization and transmission contracts that are impacting its proposed operations.  We have also been advising on regulatory issues including obtaining generation licences, the licensing of independent electricity distribution networks; and differential pricing for different categories of end users of “embedded power”.

Some of our key electric power experiences are as follows:

  • Advising the Lagos State Government on its “Light-Up Lagos” agenda to ensure sustainable “24/7” power supply in Lagos on a self-sufficient basis by 2022.
  • Acted for the Central Bank of Nigeria on credit of up to N300billion to the Bank of Industry to support the Nigerian electricity sector.
  • Acted for the Nigerian Bulk Electricity Trading Plc. on formulating standard form (a) thermal electric power purchase agreements for privatized generators, (b) hydro-electric power purchase agreements for privatized generators, (c) thermal electric power purchase agreements for independent developers, (d) vesting contracts for distribution companies, (e) grid connection agreements, (f) use of transmission system agreement, (g) ancillary services agreements, (h) gas sales agreements and (i) gas transport agreements.
  • Acted as legal adviser to Sunrise Power and Transmission Co. on its then bids for and now “local content” participation in the Mambilla Hydro Electric power project (6000MW).
  • Advising an independent power project developer, Ossiomo Power and Infrastructure Limited on its three-phase 555MW thermal power project to be connected to the Nigerian grid.
  • Acted for the Nigerian Bulk Electricity Trading Plc. on negotiating power purchase agreements with Azura-Edo IPP, Mobil Producing Nigeria Unlimited and Sahara Group entities respectively.
  • Advice to Genesis Electricity Limited, a Nigerian indigenous power producer, on the financing and development of a 84MW off-grid thermal power plant to serve the Port Harcourt crude oil refinery.
  • Acted for the Ibadan and Yola Distribution Companies on a disbursement agreement with the Central Bank of Nigeria and the Nigerian Electricity Regulatory Commission under a scheme to support the sector to the aggregate tune of N213billion.
  • Acting for Powerhive Group, a foreign renewable prospective developer, in respect of a 76MW solar power plant in Kwara State of Nigeria.

For more information on G. Elias’ electric power expertise, please contact Gbolahan Elias and Segun Omoregie.