The Energy Department is a branch in the Firm, which has undergone a systematic growth in the last couple of years, having been engaged in a lot of groundwork in both the Electrical Power and the Oil & Gas sectors in Nigeria and Ghana.
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
The Firm recently advised a consortium on the
acquisition of hydro and thermal power stations towards the
privatisation of the PHCN
The Firm has also been engaged as part of a
consortium to undertake a feasibility study on the establishment of an
Independent Power Plant in Nigeria by Owel Gas Holding Limited. Hence it
is safe to assert that the Firm's experience in the emerging
Electricity Supply Industry in Nigeria is comprehensive, integrated and
primed to undertake transactional work in the sector.
In the Oil
& Gas sector, the Firm has been actively involved in the reform,
considering the role it played in the review of the Legal and Regulatory
Framework of the Downstream Petroleum Sector in Nigeria, which
culminated in the drafting of the Downstream Petroleum Sector Reform
Bill and the harmonisation of the Petroleum Industry Reform Bill, which
will be a blueprint for the Petroleum Industry in Nigeria. Likewise, we
were part of the consortium that advised the Ministry of Energy, Ghana
on the deregulation of the petroleum downstream sector.
other departments of the Firm, especially Pensions, the groundwork in
the Energy Sector inexorably leads to transactional works, and as such,
the Firm has been proactive in its preparation for transactional work in
the Energy sector, by recruiting specialist counsels, who are also
being continually trained by leading experts in the Energy Sector on the
latest issues and skills.