The Kingline Ondo IPP Power Plant Phase II is 550MW gas fired power project. It is planned in Ondo, Nigeria. The project is currently in permitting stage. It will be developed in single phase. The project construction is likely to commence in 2023 and is expected to enter into commercial operation in 2025.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Thermal | 550 | – | 550 | Permitting | Ondo, Nigeria | Kingline Ondo IPP; Themis Energy |
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Description
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The project is being developed by Kingline Ondo IPP and Themis Energy. Denham Capital Management, Kingline Ondo IPP and Themis Energy are currently owning the project.
It is a gas turbine power plant.
The project cost is expected to be around $600m.
Development Status
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By GlobalDataThe project construction is expected to commence from 2023. Subsequent to that it will enter into commercial operation by 2025.
Power Purchase Agreement
The power generated from the project will be sold to Nigerian Bulk Electricity Trading under a power purchase agreement for a period of 20 years.
Contractors Involved
Hyundai Engineering and POSCO Engineering & Construction are expected to render EPC services for the gas fired power project.
GE Power will be the turbine supplier for the Gas fired project.
Korea Southern Power is expected to perform operations and maintenance for thermal power project.
About Themis Energy
Themis Energy is a project development company that makes investments in energy infrastructure projects including solar, hydro and thermal power plants. The company also offers advisory services to the African governments and lending institutions on energy and civil infrastructure related projects.
Methodology
All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.
