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Following the successful conclusion of the 18th Africa Energy Forum (AEF) held in London in June, 2016, EnergyNet is set to host the Powering Africa: Nigeria Investment Summit in Abuja from 12-14 October, 2016. The conference will bring together leading development finance institutions, investors, power developers, power utilities companies, and Nigerian regulators.

According to a statement released by EnergyNet on Thursday, the summit will highlight the important factors that underpin Nigeria as a regional hub for gas development as well as clean and renewable energy. Key themes at the conference will include how to diversify Nigeria’s energy mix, promote international investment in renewables, and examine the off-grid energy market with the overall objective of promoting energy access for everyone.

At the second National Council on Power (NACOP) meeting recently held in Kaduna, the NACOP adopted Nigeria's Action Agenda for the Sustainable Energy for All (SE4ALL) initiative of the United Nations. The Minister of Works, Power and Housing, Babatunde Raji Fashola, stated Nigeria's target to increase the composition of renewable energy in the nation's energy mix to 30 percent by 2030.

“For 24 years, EnergyNet has supported governments across the continent playing an advisory role, helping policy makers meet the very best private sector investors,” said Simon Gosling, Managing Director of EnergyNet. “Our role is not unique; however our approach is as individual as a thumbprint, highlighted by the trust the World Bank, Power Africa, IFC, FMO, Proparco, DFID, AfDB and many more who place their trust in EnergyNet, which supports our position as a market-shaper when it comes to global energy development.”

EnergyNet’s recent AEF in London concluded with the signing of major deals including a merger between Harith General Partners and Africa Finance Corporation (AFC), which formed a new joint venture with a portfolio of renewable and non-renewable power generation assets worth $3.3billion; the German KfW Development Bank’s $150 million 15-year loan facility to AFC; Access Power’s $7 million award to three renewable developers; among others.

The Powering Africa: Nigeria Investment Summit is officially endorsed by the Energy Commission of Nigeria, the Transmission Company of Nigeria and the National Power Training Institute of Nigeria. EnergyNet also said the summit has the official support of the UK’s DfID-funded Nigeria Infrastructure Advisory Facility, Germany’s GIZ and of the European Union.