Yesufu Longe Alonge, Head, Power Procurement and Power Contracts, Nigerian Bulk Electricity Trading (NBET)
Longe heads the Power Procurement and Power Contract team at NBET, where he leads power purchase negotiations (gas, coal and renewables) and other financial related enhancing agreements such as Put Call Options Agreements (PCOA) and Partial Risk Guarantees (PRG). He has responsibility for ensuring proper management of all electricity contracts entered between NBET and its counterparties including Independent Power Producers and distribution companies. He also takes a leading role in ensuring Power Purchase Agreement (PPA) tariff related negotiations and necessary guarantees instruments are properly balanced with the right incentives to the parties involved.
Longe was the chief negotiator from NBET in charge of commercial and technical arrangements for the Azura Edo IPP and has also led the negotiations with 15 developers for 1.2GW of solar projects. He has performed a variety of roles in the power sector including hands on turbine assets maintenance and optimisation, technical and commercial due diligence, and operational and technical management.
His last private sector work was with AES Nigeria Barge Operations, the first privately owned IPP in Nigeria with a 290MW capacity and over $65m annual revenue. He worked for over 13 years at AES and rose to the position of director to lead the commercial, technical and operation aspects of the business.
Longe has a First class Honors in Civil Engineering (1997) and a Masters’ in Business Administration (2000) from University of Benin. He has also completed a Masters in Environmental Management from the University of Lagos (2004). He is a registered member of the Nigeria Society of Engineers (NSE), Council for the Regulation of Engineering in Nigeria (COREN) and Nigeria Institution of Civil Engineers (NICE). He was also a member of the Transitional Steering Group, a body set up by the Nigerian Electricity Regulatory Commission for ensuring the commencement of the Transitional Electricity Market in Nigeria.
Longe is a panellist at the Africa Investment Exchange: Power & Renewables meeting, 15-16 November 2017, London