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 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)