Energy Sector Advisory Services
In the Electrical Power sector, the firm played a prominent role in the establishment of the Nigerian Electricity Regulatory Commission (NERC), where it was engaged as a consultant. The work undertaken in this project has been instructive and elucidating, as it highlights the importance of an independent regulatory authority in the attraction of foreign investors into a recently deregulated market. As a firm, we are in a pole position to render advice on dealing with NERC, which is a novelty in the Nigerian economy, as far as an independent regulatory authority goes. We have a thorough understanding of the functions of NERC especially the operation of the market rules; grid codes, distribution codes and the metering codes etc, with which new investors in the deregulated power sector must conform.
The Firm has equally been engaged in the Corporate Restructuring of the Power Holding Company of Nigeria, which has granted it a vantage position in understanding the machinations of the new Electricity Supply Industry in Nigeria with the attendant obligations imposed on new investors and the inevitable trouble spots.