Combined Cycle Power Plant Restoration Project in Nigeria
We have held discussions with the state government regarding the restoration project for a combined cycle power plant in Nigeria. An investor from the Middle East has joined the project, and we are currently preparing the detailed business plan.
The power plant has a capacity of approximately 400MW and is composed of four units. The state government is eager for the plant to be restored quickly so it can supply electricity to the region.
After preliminary surveys, investors were recruited, and a final decision was made after analyzing the project's profitability upon restoration, taking into account existing power purchase agreement (PPA) terms.
Moving forward, a feasibility study (FS) will be conducted to classify components for replacement, repair and reuse, or disposal. We will make every effort to ensure the power plant can operate normally.