|Independent Assessment Report (Due Diligence)on Egbin Power Plant|
The Egbin Power Plant with an installed capacity of 1320MW is the biggest power plant in Sub-Sahara Africa and has been the main stay of power generation in Nigeria supplying on average 40% of the countries power generation capacity.
APTEC was contracted by a syndicateof domestic and international banks reviewing a financial proposal from a company bidding to acquire one of the successor generation companies of the Power Holding Company of Nigeria (PHCN).
The syndicate required the services of an engineering firm to undertake an independent assessment of the power plant to complete the banks Due Diligence requirements.
APTEC - Service
APTEC was contracted to conduct a technical and commercial audit of the power plant and facilities.
The following were the services rendered:
- Gas Supply Study
- Desktop Review of Technical Inspection Reports
- Review of Power Plant Operational Data
- Review of Maintenance Contracts
- Review of Labour Relations and Human Resources
- Review of Operating Costs
- Assessments of Power Purchase Agreements
- Assessment of Fuel Purchase Agreements
- Review of Operating & Maintenance Contract requirements
AES Barge Mounted Gas Turbines located at Egbin Power Plant, Nigeria
|July 2007||Submit proposal for Due Diligence|
|August 2007||Undertake Desktop Review and Data Collection|
|Location||Egbin, Lagos State|
|Gas Turbines||6 x 220MW Duel Fuel Hitachi Steam Turbines|
|Fuel||Natural Gas and High Pour Fuel Oil (HPFO)|
|Site Avg. Temperature||31.5°C|
|Site Avg. Humidity||75%|
|Site Pressure||1.012 bar|