Yetunde Margret Sorinola, CFO of Egbin Power Plc, is a governance-focused finance leader in power generation. She specializes in compliance, risk management, tariff modeling and financial stewardship of capital-intensive energy projects. Sorinola is recognized as one of this year’s 20 Under 40 Energy Women Rising Stars for her dedication to driving impactful projects in the energy and power sectors in Africa.
Please provide a brief overview of your journey in the energy industry that led to your current role? What are some key achievements or milestones that you are particularly proud of?
I joined Sahara Power Group as a Senior Finance Manager from Dentsu Internation where I was an Associate Finance Director. I was seconded from Sahara Power Group to Egbin Power Plc as Chief Accountant and was later appointed the Chief Finance Officer. Within this period of joining the Egbin Power Plc, I championed the Finance Digital Transformation of the Business.
The energy industry is known for its complexities. What were some significant challenges you faced along the way, and how did you navigate through them to achieve your goals?
The power sector is really a very complex sector plagued by myriads of challenges. A major challenge in the power sector is the liquidity constraints. This is a limiting factor to the achievement of our strategic goals of doubling Egbin’s Capacity and fulfilment of our financial obligations on operation and maintenance contract and to our gas suppliers. In the mist of these constraints, being able to allocate the limited financial resources amongst competing needs has made Egbin Power a Market leader in the Power Generation Business contributing a minimum of 15% of Power to the National Grid.
What advice would you give to young women aspiring to excel in the energy sector? Are there any specific strategies or mindsets that helped you overcome obstacles and reach your current position?
My advice to young women aspiring to excel in the energy sector is to always think outside the box. Do not accept NO for an answer. Keep making a difference and keep showing up.
A career in energy can be demanding. Could you describe a typical day in your life?
My day starts with committing every aspect of my life to God for insight on how to navigate the day. Ensures all that needs to be attended to in my home front is done. Depending on the day of the week, a morning check with my team to get direct feedback. Followed by settling down on my desk to attend to my priority list.
Looking ahead, what changes or advancements do you hope to see in the energy sector? How do you envision your role in shaping that future?
In the power sector specifically, I look forward to a divestment of the power transmission side of the sector to encourage increased investment in the grid system so that stranded capacity at the generation side can be unlocked and even increased investment in the generation capacity. I see my role as a finance and business leader take a front role in decision making and advisory.
