NERC licenses Ondo to generate 550MW of electricity
The Nigerian Electricity Regulatory Commission (NERC) has issued a licence to the Ondo State government and its South Korean partner, Kingline Development Company, to generate 550 mega watts of electricity in the state.
Head of project, Akinnola Fola, who made the announcement at the weekend in Abuja, said the construction of the Independent Power Plant (IPP) would commence in June.
He expressed the joy of the promoters at the approval, describing the development as a major milestone in bringing the first phase of the Kingline Ondo IPP Limited to reality.
The state government, had last year, sealed an engineering, procurement and construction (EPC) contract with POSCO E & C of South Korea for the first phase of the proposed1100-mega watt facility.
The phase involves the construction of a gas-fired power plant that would generate 550 MW of electricity to be linked to the national grid. The second is expected to add another 550MW.
The entire project is to be completed in 26 months from the date of commencement and issuance of notice to proceed (NTP).
POSCO is to oversee the design, engineering, procurement, construction, commissioning and testing of the open cycle gas turbine power plant while Kingline is to develop the facility.
The contract covers the turnkey delivery of the plant.
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