PROJECT
Kingline Ondo IPP Project Phase 1 & Phase 2
Project Summary
Sponsors
Type
Site
Total Capacity
Kingline Development Nigeria and Ondo State
PPP (Public-Private Partnership)
274 acre plot inside Ondo State International Industrial Park, Omotosho, Ondo State, Nigeria
1,100MW (To be built in 2 equal phases)
Phase 1
Project Company
Capacity
Construction period
Total Project Cost
Equity by sponsors
Project Financing
Capital Structure
Kingline Development Nigeria
550MW (Open-cycle)
4Q.2020~4Q.2022
US$600 million
US$180 million
US$420 million
30:70 (Equity:Debt)
Phase 2
Capacity
Construction period
550MW (Open-cycle)
4Q.2023~4Q.2025
Project participants
EPC contractor
Turbine equipment
O&M contractor
Hyundai Engineering Korea
GE Power
KOSPO (Korea Southern Power)
- + Kingline Ondo IPP Project Phase 1 & Phase 2
-
Kingline Ondo IPP Project Phase 1 & Phase 2
Project Summary
Sponsors
Type
Site
Total CapacityKingline Development Nigeria and Ondo State
PPP (Public-Private Partnership)
274 acre plot inside Ondo State International Industrial Park, Omotosho, Ondo State, Nigeria
1,100MW (To be built in 2 equal phases)Phase 1
Project Company
Capacity
Construction period
Total Project Cost
Equity by sponsors
Project Financing
Capital StructureKingline Development Nigeria
550MW (Open-cycle)
4Q.2020~4Q.2022
US$600 million
US$180 million
US$420 million
30:70 (Equity:Debt)Phase 2
Capacity
Construction period550MW (Open-cycle)
4Q.2023~4Q.2025Project participants
EPC contractor
Turbine equipment
O&M contractorHyundai Engineering Korea
GE Power
KOSPO (Korea Southern Power)