The Egbin Power Station Expansion is 1,900MW gas fired power project. It is planned in Lagos, Nigeria. According to GlobalData, who tracks and profiles over 170,000 power plants worldwide, the project is currently at the permitting stage. It will be developed in a single phase. The project construction is likely to commence in 2024 and is expected to enter into commercial operation in 2025. Buy the profile here.
The project is being developed by Egbin Power and Marubeni. The project is currently owned by Egbin Power with a stake of 100%.
It is a Combined Cycle Gas Turbine (CCGT) power plant. The fuel will be procured from Nigerian National Petroleum Corporation.
The project cost is expected to be around $1,200m.
The project construction is expected to commence from 2024. Subsequent to that it will enter into commercial operation by 2025.
For more details on Egbin Power Station Expansion, buy the profile here.
About Egbin Power
Egbin Power Plc is involved in operating thermal power plant for the generation of electricity and working on projects for increasing the generation capacity using new technologies. The company is headquartered in Ikorodu, Lagos, Nigeria.
Marubeni Corp (Marubeni) is an integrated trading and investment business that operates through its domestic and overseas subsidiaries. The company provides various products and commodities such as marine products, chemicals, energy, metals and minerals, machinery, textiles, forest products and general merchandise, and pulp and paper. It also offers finance, logistics, development and construction services. The company explores transports, stores and markets natural resources. Marubeni provides insurance and reinsurance funds, and Japan real estate investment trust management and property management services, and operates transportation infrastructure projects. It has operations across North America, Central and South America, Europe, Africa, Asia and Oceania. Marubeni is headquartered in Tokyo, Japan