Nordic businesses are particularly well suited for the Nigerian Power Sector with their know-how in high-technology, clean industrial processes, efficiency and reliability. Some 20 companies joined the delegation, representing a wide range of sizes, from large corporations such as Vattenfall, Statoil, Wärtsilä and AtlasCopco, to specialized consultancies, technology-suppliers and funds.
The press conference at the end of the conference where a common Communiqué was agreed upon.
From left: Engr. F.N.A. Olapade, Ag. Director Electrical Inspectorate Service Dept., Federal Ministry of Power, the Norwegian Ambassador Kjell Lillerud, the Permanent Secretary Ministry of Power, Alh. I.B. Sali, the Swedish Ambassador Per Lindgarde, Hon. Minister of State for Power, Arc. Nuhu Somo Way, the Finnish Ambassador Anneli Vuorinen and the Permanent Secretary Ministry of Water Resources Amb. Dr. G. Igali.
Hon. Minister of State for Power, Arc. Nuhu Somo Wya and his wife together with the Norwegian Ambassador Kjell Lillerud at the official Reception hosted by the Nordic Ambassadors in the Norwegian Ambassador’s Recidence, Abuja.President Goodluck Jonathan recently launched a new Energy Sector Reform in Nigeria. The World Bank has described the reform as "a realistic plan that is both technically and commercially feasible". The objective of the reform is to increase energy production by 5000 MW in
the next three years as well as to increase the price of energy in order to attract investors.
Overall 10 billion USD per year will be invested over the next ten years in order to reach a production capacity of 40 000 MW by 2020.
The spillway of Gurara dam
The Nordic participants were presented with concrete business opportunities and given a detailed up-to-date presentation of recent Nigerian developments in the Power Sector.
The main focus was on hydropower, renewable- and thermal energy, bio- and waste-to-energy projects as well as on transmission and distribution lines.
A common Communiqué was agreed upon at the end of the conference.