Pre-finance project evaluation and due diligence for 500 MW power plant on behalf of lender in Nigeria

The project is a 3-phase green-field 1,080 MW facility located in Abia State, Nigeria. The first phase of the project is a 500 MW (gross) simple cycle facility driven by General Electric Frame 9 turbines which is a proven technology. It will have an option for expansion and upgrade to a 1,080 MW combined cycle facility in its subsequent phases. The plant will be run on natural gas. There is ample gas in this area of the country which is situated a short distance away from the Niger Delta.The plant's output will be delivered to its customers through the national grid.

Location: Nigeria
Customer: Standard Bank
Year: 2016
Status: Completed

The project is a 3-phase green-field 1,080 MW facility located in Abia State, Nigeria. The first phase of the project is a 500 MW (gross) simple cycle facility driven by General Electric Frame 9 turbines which is a proven technology. It will have an option for expansion and upgrade to a 1,080 MW combined cycle facility in its subsequent phases. The plant will be run on natural gas. There is ample gas in this area of the country which is situated a short distance away from the Niger Delta.The plant's output will be delivered to its customers through the national grid.

Pre-finance project evaluation and due diligence for 500 MW power plant on behalf of lender in Nigeria

Location: Nigeria
Customer: Standard Bank
Year: 2016
Status: Completed

Photo by game kyd on Pixabay

Firnas Shuman team provided all in-country services prior to financial close, including review of project site and location, review of transport route, meetings with project company, EPC contractor, gas supply company, electricity regulator, and environmental and social due diligence. Our team also reviewed gas supply plans and power evacuation plans, including transmission lines to be constructed and the proposed point of interconnection.