In Nigeria, private power companies continue to invest in infrastructure. Therefore, Egbin Power hopes to increase production, even if the country's energy shortage is still huge, new products will be exported. Nigerian power company Egbin Power Plc plans to invest US$1.8 billion to increase the capacity of the power plant of the same name, which is the largest power plant in the country. This funding will allow it to begin the second phase of construction, which will more than double the capacity of the 1,320 MW infrastructure.

According to the company, financing terms are being finalized. "The goal is to raise the necessary funds to start this work," the company explained. The second phase of the project involves the installation of a high-efficiency combined cycle gas turbine, which will generate an additional 1,754 megawatts of electricity. The company plans to build open-cycle turbines in 2022 and complete closed-cycle turbines by 2025. When the government handed over state-owned power generation and distribution assets to the private sector in 2013, Egbin Power acquired the plant. The government’s goal is to help reduce power outages. As a result of the divestiture, the company achieved 970 megawatts of output on the asset this year. This progress is due to the increase in the supply of natural gas.

In addition to the ambition of increasing local power production, Egbin also plans to export electricity to neighboring countries through the West African Power Exchange System of the ECOWAS. The agency is dedicated to establishing a common electricity market in the region.

Keywords: power plant, Nigeria

Nigeria-based Egbin Power Plc operates one of the largest thermal power plants in sub-Saharan Africa. It contributes more than 16% of the country's total power generation.Editor/Baohongying