Project Developer – Nigeria
Omotayo Hassan is a corporate/project finance professional offering 15 years’ experience in leading transactions primarily in the power & utility sector. He has successfully advised governments and corporations on a range of transactions including mergers & acquisitions, corporate restructurings and the procurement of large scale generation projects. He has led business development and contract negotiations with large scale utilities and private power developers. Omotayo has extensive experience working for Fortune 500 corporations in the United States and power & utility consulting in Nigeria.
Omotayo provided technical, commercial, and financial consulting to the Nigerian Bulk Electricity Trading PLC under the Power Africa Transactions Reforms Program (PATRP) managed by the United States Agency for International Development (USAID) since the inception of NBET, he worked at Constellation Energy as Operational Finance Senior Manager, Verizon Communications as a Manager in Corporate Finance, and prior to that as a Specialist in Financial Planning and Analysis.
As an Embedded Power Africa Transaction Advisor for NBET PLC, Omotayo worked directly with Independent Power Producers on their project finance financial models, negotiated commercial terms of the project with IPP’s and worked closely with the regulatory staff on issues related to power procurement and power generation. He provided support on the development of NBET’s regulatory positions regarding power procurement and maintains an advanced level of knowledge about the electricity supply marketplace in areas that are most relevant to power procurement and power generation.
Omotayo is currently a USAID Embedded Senior Commercial Transaction Advisor for the National Integrated Power Project (NIPP) privatization. Omotayo provides transaction advisory Services to the Niger Delta Power Holding Company (the holding company for the NIPP power plants). NDPHC is mandated to privatize the 10 NIPP power plants, transmission, distribution and gas assets to investors and relevant operators. Omotayo’s role includes advising NDPHC of the optimal structure and implementation process for the privatization and asset transfer. He is responsible for working with NDPHC on the necessary legal, technical and financial due diligence for the transaction. Furthermore, he assists in preparing transaction plans and bidding documents, and manage the transactions of 10 gas fired power generation stations with total capacity of 5,000 MW, 4 gas pipeline and flow station projects, and its transmission and distribution assets.