Gas-Powered Energy Generation | Nigeria - NDL

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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