Proton Delta Sunrise Project (DFC-PROTONDELTA)

Countries
  • Nigeria
Where the impacts of the investment may be experienced.
Financial Institutions
  • US International Development Finance Corporation (DFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
Proton Delta Sunrise
The holder of the loan, grant, or other investment.
Sectors
  • Hydropower
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
Not Disclosed
When disclosed, the bank did not provide this value. Please review updated project documents for more information.
Primary Source

Original disclosure @ DFC website

Updated in EWS Jun 27, 2020


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Project Description

The Project involves the construction and operation of a 150 megawatt (MW) gas fired electric power plant to be located in Sapele, Nigeria. The Project will consist of three gas fired
turbines which will be operated in simple cycle mode. The developer plans to expand the facility to 500MW in the future by adding additional turbines and converting the plant to combined cycle, but the current review is limited to the 150 MW simple cycle facility. The Project also includes the construction of a 1 km transmission line which will tie into an existing switchyard located in Sapele and the construction of a 1.5 km gas pipeline to the Sepiat Petroleum Development Company. The Project is located on a site adjacent to two existing power plants; the National Integrated Power Project (NIPP) Plant and CMEC/Eurafric Energy Limited Plant [formerly known as Power Holding Company of Nigeria Plant (PHCN)]. Power generated by the facility will be sold to the National Grid.

Investment Description
  • US International Development Finance Corporation (DFC)
Contact Information

Mr. Jehwe Stephen Onajero
Director of Environmental Health Services & HOD Environment, Sapele Local Government Area
(LGA),
Sapele.