UK, Nigeria mobilise private capital for three hydro projects
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Punch Newspaper
Reported by Justice Okamgba
Tue, 3 Nov 2026, 23:51
Photo courtesy of Punch Newspaper · Verified via News Stand NG
Source Attribution: Punch Newspaper
News Stand NG operates under ethical news aggregation guidelines. Source: Punch Newspaper. To read the unabridged investigative reporting and full gallery, visit the original publication.
The initiative, supported by the UK Partnering for Accelerated Climate Transitions, is targeting the development and rehabilitation of the Ikere Gorge project in Oyo State, Ghari Dam in Kano State and the NESCO hydropower cascade in Plateau State. File Photo: Minister of Power, Joseph Tegbe The United Kingdom and Nigerian governments are seeking to attract private investment into three small hydropower projects in Oyo, Kano and Plateau states as part of efforts to expand electricity generation and improve power supply to underserved communities.
Context & Background
✦He cited the NESCO hydropower cascade in Plateau State, where solar integration could increase the system’s potential capacity from about 30 megawatts to 100 megawatts or more.
Key Figures & Named Entities
Tuesday:According to a statement on Tuesday, the projects were the focus of an investor roundtable held in Abuja on Wednesday, where policymakers, financiers and developers discussed ways to move them from technical preparation towards financial close.2023:He said the Electricity Act 2023 had created opportunities for state electricity markets and increased scope for private sector participation in power generation and distribution.2023:Participants examined regulatory arrangements under the Electricity Act 2023, coordination with the World Bank’s SPIN master plan and a Small Hydropower Deployment Toolkit designed to guide state governments, developers and financiers.
Outlook & Next Steps
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Key Takeaways
Verified Extract
✦The initiative, supported by the UK Partnering for Accelerated Climate Transitions, is targeting the development and rehabilitation of the Ikere Gorge project in Oyo State, Ghari Dam in Kano State and the NESCO hydropower cascade in Plateau State.
✦File Photo: Minister of Power, Joseph Tegbe The United Kingdom and Nigerian governments are seeking to attract private investment into three small hydropower projects in Oyo, Kano and Plateau states as part of efforts to expand electricity generation and improve power supply to underserved communities.
✦He cited the NESCO hydropower cascade in Plateau State, where solar integration could increase the system’s potential capacity from about 30 megawatts to 100 megawatts or more.
Key Facts:Tuesday: According to a statement on Tuesday, the projects were the focus of an investor roundtable held in Abuja on Wednesday, where policymakers, financiers and developers discussed ways to move them from technical preparation towards financial close.2023: He said the Electricity Act 2023 had created opportunities for state electricity markets and increased scope for private sector participation in power generation and distribution.2023: Participants examined regulatory arrangements under the Electricity Act 2023, coordination with the World Bank’s SPIN master plan and a Small Hydropower Deployment Toolkit designed to guide state governments, developers and financiers.
Editorial Excerpt
The UK and Nigerian governments are seeking private investment for three small hydropower projects in Oyo, Kano, and Plateau to expand electricity generati
Frequently Asked Questions About This Story
What is the latest development regarding Federal Capital Territory?
The initiative, supported by the UK Partnering for Accelerated Climate Transitions, is targeting the development and rehabilitation of the Ikere Gorge project in Oyo State, Ghari Dam in Kano State and the NESCO hydropower cascade in Plateau State.
Who are the key organizations or public figures mentioned?
File Photo: Minister of Power, Joseph Tegbe The United Kingdom and Nigerian governments are seeking to attract private investment into three small hydropower projects in Oyo, Kano and Plateau states as part of efforts to expand electricity generation and improve power supply to underserved communities.
What timeline or key figures were confirmed?
According to a statement on Tuesday, the projects were the focus of an investor roundtable held in Abuja on Wednesday, where policymakers, financiers and developers discussed ways to move them from technical preparation towards financial close.
