Gas-Powered Energy Generation | Nigeria - NDL
USD 700,000,000
Spent so far: USD 5,000,000
Can spend more: Yes
Nigeria
Infrastructure Power Distribution Utility (gas, water, sewage etc)
Assured repayment by: Independent and credible feasibility study | Power Purchase Agreement
Shovel Ready Indicators:
LTV Expectation: 95%
Land/Site: Sale/lease agreed
EPC Contracts: Signed
PPA/OMA or other off-take agreements: Signed
Financial Projections: Completed and available
Most PFX listed opportunities qualify for A+-rated Insurance Wrap
NDL plans to develop and operate a gas turbine electric power generation plant in Nigeria. This much-needed $700M (USD) project will bring an additional 732MW’s of power into Nigeria’s national grid.
Nigeria, Africa’s largest economy in terms of gross domestic product, is facing a shortage in the supply of reliable power, resulting in an immediate demand for electricity that remains unmet. NDL‘s investment in the project will fund the designing, construction and operating of a new natural gas-fired generation plant adjacent to the existing IBOM power plant in Ikot Abasi that will funnel power to the national grid.
NDL has secured the full cooperation and off take agreement from Ibom Power, and has assembled a team of experienced industry veterans with established key relationships across the power sector.
| USD | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 |
|---|---|---|---|---|---|
| Turnover | 226,996,000 |
453,992,000 |
453,992,000 |
453,992,000 |
453,992,000 |
| EBITDA | 108,635,000 |
217,270,000 |
217,270,000 |
217,270,000 |
217,270,000 |
| % | 48% |
48% |
48% |
48% |
48% |
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