IFLR1000

Abia 1,080MW greenfield gas power plant

14/10/2016
Project development
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$ 300 million

Announced

14/10/2016

Overview:

  • The OMA Power Project is a three-phase 1080MW greenfield gas facility located in Orgwu-Ogwe Town, Ukwa West, Abia, in southern Nigeria.
  • It is being developed by a joint venture between Geometric Power and General Electric (GE).
  • The first phase is a 500MW simple cycle facility driven by GE Frame 9 turbines.
  • The first phase is expected to cost around $300 million.

Jon Moore - Journalist

Jurisdiction:

Nigeria

Deal type:

Project development

Practice area:

Project development

Governing law:

Nigeria

Industry sector:

Energy

Firms:
A&O Shearman

Party: Rand Merchant Bank (RMB) (Lender)

Party: Overseas Private Investment Corporation (OPIC) (Lender)

Party: Standard Chartered Bank (Lender)

Party: World Bank (Lender)

Clifford Chance

Party: Oma Power (Project company)

Olaniwun Ajayi

Party: Rand Merchant Bank (RMB) (Lender)

Party: Overseas Private Investment Corporation (OPIC) (Lender)

Party: Standard Chartered Bank (Lender)

Party: World Bank (Lender)

Lawyer: Wolemi Esan

Udo Udoma & Belo-Osagie

Party: Oma Power (Project company)

Lawyer: Nicholas Okafor

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