The Energy Department has undergone a systematic growth over the years, having been engaged in some groundwork and transactions in both the Electricity Power and the Oil & Gas sectors in Nigeria.
In the Electricity 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, as it highlights the importance of an independent regulatory authority in the attraction of foreign investors into a recently deregulated market. The Firm has equally been engaged in the â€śCorporate Restructuring of the Power Holding Company of Nigeriaâ€ť, 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. The Firm has also been involved on the transaction side in the privatization of the unbundled PHCN entities, as well as the recently concluded Nigerian Independent Power Project.
The Firm was actively involved in the reform of the Oil and Gas sectors in Nigeria and Ghana. It reviewed and drafted the Nigerian Downstream Petroleum Sector Reform Bill, which culminated in the harmonisation of the Petroleum Industry Bill recently enacted by the National Assembly. Likewise, the Firm was part of the consortium that advised the Ministry of Energy, Ghana on the deregulation of the petroleum downstream sector.