The Kingline Ondo IPP Power Plant Phase I is 550MW gas fired power project. It is planned in Ondo, 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 2025 and is expected to enter into commercial operation in 2026. Buy the profile here.
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Description
The project is being developed by Kingline Ondo IPP and Themis Energy. The project is currently owned by Kingline Ondo IPP with a stake of 100%.
It is a Gas Turbine power plant. The fuel will be procured from Ondo onshore/offshore basin.
Development status
The project construction is expected to commence from 2025. Subsequent to that it will enter into commercial operation by 2026.
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. The offtake capacity is expected to be 550MW.
See Also:
Contractors involved
Hyundai Engineering and POSCO Engineering & Construction are expected to render engineering procurement construction 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.
For more details on Kingline Ondo IPP Power Plant Phase I, buy the profile here.
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.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Power Intelligence Center, which provides detailed profiles of over 170,000 active, planned and under construction power plants worldwide from announcement through to operation across all technologies and countries worldwide.
