Sahara Power, a unit of Sahara Group, a conglomerate led by Nigerian energy tycoon Tope Shonubi, plans to lift its dispatched generation capacity to between 6,500 megawatts and 7,000 megawatts over the next three to five years, betting on policy clarity and improved market discipline to support fresh investment in Nigerias power sector.
The plan is a big part of the company's push to grow gas-fired generation and renewable projects. This is happening as the supply of electricity starts to stabilize after years of operational and financial stress. Recent changes, like trying to pay off old debts and improve communication between regulators, are helping to rebuild trust among lenders and investors.
Policy clarity supports power expansion
