ADVOCAAT WEB SERIESMay 13, 2021
UNLOCKING INVESTMENT OPPORTUNITIES IN THE ELECTRICITY ACT OF 2023
On Friday, June 9, 2023, Nigeria’s President signed into law, the Electricity Act 2023 (the “EA” or “the Act”) which replaced the erstwhileElectric Power Sector Reform Act of 2005 (the “EPSRA”).
The EA 2023 no doubt marks a significant turning point in Nigeria's quest for a reliable power supply system and sustainable energy practices. This comprehensive piece of legislation aims at revitalizing Nigeria’s electricity sector by encouraging private sector participation in the power sector at both foreign and local frontiers by introducing some key innovations. In a bid for transformative energy revolution, the EA consolidates all laws relating to electricity in Nigeria across the entire value chain, including the integration of renewable energy to Nigeria’s energy mix. This podcast seeks to encourage investment and to enlighten the prospective investor on the wide array of investment opportunities under the New Act and how to navigate the path to investment.
KEY ISSUES IN NEGOTIATING POWER PURCHASE AGREEMENTS
Generally, a Power Purchase Agreement codifies the terms of an electricity supply agreement between a power producer and an electricity consumer or trader. In this episode, we discussed the intricacies of a Power Purchase Agreement extensively.
THE PROSPECTS AND CHALLENGES OF 3RD PARTY FUNDING OF ARBITRATION IN NIGERIA
The new Arbitration and Mediation Bill (“the Bill”) just passed by Nigerian Parliament in May 2022 contains some provisions in relation to third party funding which is novel to Nigerian jurisdiction. In this podcast, we highlighted the prospects and challenges of the practice of third party funding in Nigeria and how the third party funding is regulated in other jurisdictions.
DECOMMISSIONING AND ABANDONMENT OF OIL AND GAS INFRASTRUCTURE IN NIGERIA
Nigeria as a major oil and gas producer has several oil and gas infrastructure with prospects of more installations. What processes has Nigeria put in place for the decommissioning and abandonment of these infrastructure as they approach the end of their useful lives?
The Petroleum Industry Act, 2021 - Sixteen months on – current implementation status
A retrospective analysis on the enforcement of the Petroleum Industry Act, 2021 in Nigeria.
Energy Transition Series 1: DECARBONIZATION AND THE ENERGY TRANSITION
"It resultant implications for the Nigerian Oil and Gas sector"
Petroleum Industry Bill Series 3: FISCAL PROVISIONS
Unbundling the fiscal provisions and structure under the proposed Petroleum Industry Bill
Petroleum Industry Bill Series 2: HOST COMMUNITIES
“Analysis of sundry provisions relating to the Petroleum Host Communities as proposed under the PIB”
Petroleum Industry Bill Series 1: GOVERNANCE
The regulatory and governance structure of the oil and gas industry as proposed under the PIB